In this video, our equity analyst will talk about the cannabis industry.
Last week, U.S. cannabis stocks outperformed their Canadian peers. Several key developments:
•NY Governor emphasized that the state is committed to implementing its marijuana program as quickly as possible.
•The Idaho Supreme Court overturned a new law that would have impeded medical marijuana legalization.
•New Mexico increased the amount medical cannabis consumers can purchase per visit to two ounces per day, up from eight ounces every 90 days.
As of August 30, 2021, the Canadian big four LPs were trading at a 72% premium (up from 70% in the previous week) over their U.S. peers.
For more information, read our latest Analysts’ Ideas of the Week: https://www.researchfrc.com/equity-markets-and-commodities-rally-on-feds-dovish-comments/
*FRC provides issuer paid coverage.
*Past performance is not indicative of future results.