Cannabis Corner: These stocks are all expanding for gains

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, $29.56 (Toronto symbol WEED; TSINetwork Rating: Speculative) (Shares outstanding: 383.0 million; Market cap: $11.4 billion; TSI Cannabis Quality Rating [CQR]: ) continues to see the U.S. market as a key part of its long-term expansion plans. In recent months, the U.S. House of Representives passed an act aimed at giving cannabis companies more access to banks and also introduced a bill that would decriminalize cannabis. Meanwhile, New York State is pursuing adult-use legalization; more broadly, U.S. federal cannabis legalization appears to be gaining support. Going forward, Canopy…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.