2 Marijuana Stocks With Forward P/E Ratios Under 20

And even though such rare creatures exist, ones with a forward price-to-earnings (P/E) ratio under 20 are extremely scarce. They can be found, though — I give you multi-state operator (MSO) Trulieve Cannabis (OTC:TCNNF) and top marijuana picks-and-shovels play Scotts Miracle-Gro (NYSE:SMG). With the general bearishness clawing at the cannabis sector these days, even this company’s stock price has fallen. I think it’s a steal at a forward P/E barely above 19, and a stock price languishing at $25.40 a pop. In the company’s fiscal 2016, it was responsible for less than 5% of Scotts’ net sales; five years later, that figure was almost 25%.