Cannabis Corner: These stocks all have bright futures

Article Excerpt

First, the good news: widening cannabis legalization will eventually lead to some great business successes. The bad news is that only a few of the multitude of cannabis stocks today will pay off for investors. Consumer cannabis demand is high, but growing and distributing it across multiple markets is more difficult. With “Cannabis Corner,” we focus on quality stocks that are most likely to emerge as winners in the “Wild West” of marijuana investing. CANOPY GROWTH, $3.95 (Toronto symbol WEED; TSINetwork Rating: Speculative) (Shares o/s: 480.0 million; Market cap: $2.0 billion; TSI Cannabis Quality Rating [CQR]: ), launched its U.S. e-commerce website, ShopCanopy.com, in 2020. The online store features all of its cannabidiol (CBD) products, including the Martha Stewart CBD line. Martha Stewart CBD just released its latest flavour—Pumpkin Spice CBD Wellness Gummies. The gummies continue Martha’s CBD gummies lineup, which include Tropical Medley CBD Wellness Gummies and Harvest Medley CBD Wellness Gummies. Canopy Growth is a speculative buy. VILLAGE FARMS $2.11 (Nasdaq symbol VFF; TSINetwork Rating: Speculative) (www.villagefarms.com;…