This Surprising Projection Shows Why Big Tobacco Is Moving Into Cannabis fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Apr 5, 2021 at 6:10AM Follow @omzitkus
As more states have worked to legalize recreational and medical cannabis in 2020 and 2021 pot has found its spot in the investing limelight. The
Horizons Marijuana Life Sciences ETF (OTC:HMLSF) is up over 120% over the past 12 months, handily outpacing the
S&P 500 and its gains of about 60%. On March 25, New York voted to legalize recreational cannabis and became the second largest state by population (after California) to permit adult use of the drug.
But amid the excitement, it s also become clear that the cannabis industry has a long way to go to reach its full potential. Dr. Chanda Macias, a medical cannabis advocate, research, and dispensary owner joined Olivia Zitkus and Corinne Cardina on a
Author Bio
Sushree is a new member of the Fool family, keen on writing about the cannabis and healthcare sector and also has five years of experience writing on real estate, consumer sector, and macroeconomic topics. She holds a bachelor’s degree in business management, specializing in finance, and also a CFA Level 2 candidate. Being a fitness enthusiast and a creative person, when she isn t writing, she is either kick-boxing or painting.
Some investors still believe that Canada-based
Aurora Cannabis (NYSE:ACB) can make a comeback. Its cost-cutting efforts under a new CEO, Miguel Martin, who took the reins in September, haven t gone unnoticed. The hope is that these measures, along with a pandemic-induced boom in cannabis demand, could help Aurora achieve profitability soon. But there are other challenges involved, such as handling expenses, procuring capital, and launching new products to drive revenue growth.
This Is Why Curaleaf Is a Great Stock to Buy Right Now fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.