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The Evolving Cannabis Stock Landscape (FUNN, TLRY, CGC, SNDL, GRWG, ACB)

Grand View Research recently came out with a fresh analytic take on the future prospects of the cannabis marketplace, noting that the global legal marijuana market size was valued at $9.1 billion in 2020 and is now expected to expand at a compound annual growth rate (CAGR) of 26.7% from 2021 to 2028, suggesting that the space could be worth over $60 billion by that time. But what it was a couple of years ago and what it will be a couple of years hence are two very different ideas. Changing...

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Cannabis Plays Could be an Opportunity as Growth Stocks Implode

The march toward legalization in the US pushes forward unabated, but cannabis stocks continue to consolidate and correct, which may ultimately offer a new and interesting opportunity for growth investors and speculators. Over recent days, we have learned that Alabama lawmakers voted to legalize medical marijuana. That was accompanied by news that a new bill to approve the use of medical marijuana is making its way through the Kansas legislature. The bill passed through the House and is on its...

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Cannabis Stocks Show Fresh Life Following Corrective Dip (NASDAQ: TLRY) (OTC US: CRLBF) (OTC US: MEDH) (NASDAG: SNDL) (OTC US: GRWG) (NASDAQ: APHA)

Pot stocks have been pulling back after Aphria Inc (NASDAQ:APHA) posted less than spectacular results earlier this week. That helped to break down the main industry ETFs and shake out the remaining speculative interest in the space. Which brings us to a rather interesting point. Recall that Tilray Inc (NASDAQ:TLRY) reached as high as $67/share (over $70 if you count after-hours action) just two months ago. Obviously, that move was overdone and badly in need of some corrective action. However,...

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Sugarmade Inc. (OTC US: SGMD) Positions as Vertically Integrated Farm-to-Door Cali Cannabis Leader (NASDAQ: GNLN) (OTC US: CRLBF) (NASDAQ: SNDL)

The legal cannabis trend is a long-term phenomenon driven by expanding demand as the inevitable broad legalization of recreational pot marches forward. New York and New Jersey were the most recent states to join the trend in the US. But California is still the biggest market, and it likely will be for the long run. That’s why we turn here to a very interesting developing story in the space: Sugarmade Inc (OTCMKTS:SGMD), a small-cap pot stock with designs on uplisting to a major exchange to...

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Pot Stocks Continue to Lead the Market Higher (OTC US: TCNNF) (OTC US: MEDH) (NASDAQ: SNDL)

For many investment themes, 2020 was scary, and then 2021 said, “Hold my beer.” But, while early year results have so far failed to live up to high vaccine-driven expectations, some areas of the market are powering ahead. One of the most prolific performers is the cannabis space, where its lead ETF, the ETFMG Alternative Harvest ETF (NYSEARCA: MJ), is up over 30% already this year. But analysis on the political front following the Dem takeover of all branches of government suggest this...

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