Analyst Coverage

Markets react to prospect of ‘blue wave’ in Georgia Senate vote

Investors digested the somewhat unexpected win of two Georgia Senate seats by the Democrats on Wednesday, completing an apparent so-called blue wave that could have major consequences on the stock market. Democrat Raphael Warnock beat incumbent Republican Kelly Loeffler in one of Georgia’s two Senate run-offs, and Democrat Jon Ossoff was leading incumbent David Perdue in the other. If those results hold,…

The 10 Fastest-Growing Marijuana Stocks in 2021

In a year that saw record-breaking volatility, cannabis stocks were standout performers. The rapidly growing marijuana industry is beginning to mature in North America, and investors are finally getting a glimpse of what the green rush is capable of. As we move into a new year, growth shows little signs of slowing. In 2021, the 10 fastest-growing marijuana stocks are expected to…

Cannabis Job Outlook In 2021 Is ‘Strong’ Despite Suffering Layoffs Throughout 2020

Employment in cannabis pre-2020 could be seen as more of a job, whereas now, people see the industry as a true career investment. This year was a rollercoaster ride for the cannabis industry, which had its fair share of highs and lows. There were legalization breakthroughs, while various cannabis companies enforced massive layoffs. However, there were also those that did quite a bit of hiring. What’s interesting…

More Canadians choosing legal stores for pot purchasing, survey finds

A new survey suggests legal cannabis storefronts are making inroads when it comes to Canada’s consumption of the drug. The Canadian Cannabis Survey, released on Monday, shows that 41 per cent of Canadian cannabis users are typically choosing legal cannabis storefronts to purchase the product, an increase from just 24 per cent in 2019. Meanwhile, fewer Canadians are choosing dealers and…

Health Canada releases new data on cannabis use in Canada

The 2020 Canadian Cannabis Survey provides a snapshot of Canadians’ knowledge, attitudes and behaviours related to cannabis OTTAWA, ON, Dec. 21, 2020 /CNW/ – The Government of Canada has taken a public health approach to cannabis legalization and regulation, which includes collecting data on an ongoing basis to better understand how Canadians view and use cannabis. On October 17, 2018, the Cannabis Act came into force, providing a strict…

2 Cannabis Stocks That Could Double Your Money in 2021

When investors talk about cannabis stocks, Canadian players Aurora Cannabis (NYSE:ACB) and Canopy Growth (NASDAQ:CGC) come to mind. But in 2020, U.S. cannabis companies not only proved their potential, but outperformed their Canadian counterparts. Two such companies are Illinois-based Green Thumb Industries (OTC:GTBIF) and Florida-based Trulieve Cannabis (OTC:TCNNF). Both these companies have seen triple-digit revenue growth this year and are dominating their state markets. Green Thumb is already profitable, and Trulieve…

Cannabis: 4 things to watch for in 2021

Making predictions about California’s marijuana industry was a challenge even before a global pandemic changed everything. It’s not just that the legal cannabis market, which launched three years ago in California, is so new. It’s also the singularity of an industry in which licensed, legal operators still compete against a much larger illicit market, even as the industry’s core consumer…

Cannabis in Canada: 2020 reflections and 2021 predictions

Canada celebrated the second anniversary of cannabis legalization this past October, and with it, the growing sophistication of the industry’s producers and its consumers. With any emerging industry comes the need for flexibility and adaptability — and this was needed even more so with the unexpected arrival of the COVID-19 pandemic in March. Industry players were required to stay lean,…

How Cannabis Companies Adapted and Flourished During a Marketing Crisis

Although every industry in North America has been touched in some way by the spread of COVID, many cannabis and CBD companies saw their revenues increase when the pandemic began to escalate in the United States in March 2020, a time when other businesses struggled to survive. Cannabis was declared “essential” by most state governments in early April, allowing farms, dispensaries…