AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Korn elex 211/14/2023 However, its stock is listed on the Canadian Securities Exchange (CSE). ![]() Its price-to-sales ratio is the third highest, but in a sector already offering substantial risk, some investors may feel a more expensive valuation is worth it.Ĭuraleaf is an American company based in Wakefield, Massachussetts. Nonetheless, CURLF remains the largest company in the cannabis sector, with revenue last year of $1.3 billion, which is also the highest on this list. ![]() Despite this boost, however, the stock is stil down 38% over the last year, demonstrating how cannabis investors have struggled-the S&P 500 is up more than 15% in the same period. Department of Health and Human Services that restrictions should be loosened on marijuana. The stock jumped 44% in the 48 hours following the recommendation from the U.S. And because of this, it often acts as a bellwether for the entire industry. Just be wary that all these companies are scrappy growth stocks with small market caps, and by extension, they carry very real downside risk.Ĭuraleaf is the largest publicly traded cannabis company. North of the border, Canada legalized marijuana across the nation in 2018, which has allowed many publicly traded American cannabis companies to list their shares on Canadian exchanges.įor those brave enough to dive in after what has been a torrid time for marijuana shareholders, here are eight potential cannabis contenders. These two factors highlight the potential upside and the level of uncertainty that exists for marijuana companies. However, cannabis also has seen slower-than-forecast progress on the legalization front. Department of Health and Human Services recommended easing restrictions on marijuana in August. ![]() Cannabis currently shares the same federal classification as heroin, ecstasy and LSD.Ĭannabis stocks jumped after the U.S. Cannabis is now legal in 37 states for medical use and fully legal in 23 states, but on a federal level, its status has barely changed since the 1970s.
0 Comments
Read More
Leave a Reply. |