/PRNewswire/ THC is perhaps the most well-known cannabinoid within cannabis. THC, short for tetrahydrocannabinol, is famously responsible for cannabis s.
As reported in the New York Times this weekend, the big Canadian producers like Aurora Cannabis Inc (NYSE:ACB), Canopy Growth Corp (NASDAQ:CGC), and OrganiGram Holdings Inc (NASDAQ:OGI) are suffering longer than expected in terms of profitability following the country’s nationwide legalization move for recreational use several years ago.
Canopy Growth, for example, the Canada’s largest producer, lost 1.2 billion Canadian dollars, or about $950 million, in the first nine months of its current operating year.
That said, long-term analysis shows a remarkably constructive path forward for the industry as a whole, particularly in the US market, where demand will far outstretch that found in Canada over the long haul.
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2 Marijuana Stocks To Watch As Trading In April Starts To Pick Up
Marijuana stocks in recent trading have slowly started to look better. On the early morning of April 15th, marijuana stocks started to reach better market levels. However, some stocks have dropped since then but overall cannabis stocks are looking like better trading is starting to happen. Now the question becomes will these marijuana stocks be able to sustain this upward momentum. Right now some investors are taking advantage of the dip in the sector.
For instance, because of how low some marijuana stocks are trading investors have been able to purchase shares at lower prices. If cannabis stocks can at least recover to February highs or near it it will help shareholders see a nice return. The cannabis industry as a whole is growing at a fast pace especially on the U.S. side of the market. In a recent poll, 60 percent of the U.S. now stands in favor of cannabis, which can have great influence when it comes to passing