Last year wasn't a good one for Cresco Labs (OTC: CRLBF), even though it started off on the right foot. Although much of the marijuana stock's gains early on were due to the meme stock trading frenzy that gripped the market, Cresco Labs' subsequent sell-off seems to be just as unwarranted, after traders became disillusioned about the prospects for federal marijuana legalization. Cresco is at least starting the new year on an upswing, with shares 3.6% higher as of this writing.
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