REPORTERS – Sabrina Escobar (Barrons)
ANALYSTS
– Pablo Zuanic, Cantor Fitzgerald
– W. Andrew Carter, Stifel
Long-term category outlook: robust
Near-term challenges: US regulation (legalization stalled in US Senate)
Potential catalyst: banking bill SAFE Act remove bank penalties in legal states
- decelerating growth
- oversupply
- outsized pressure on lower income consumer spending
- rising input cost inflation
- increased capital costs
- increasing competition
- Canadian market saturated
COMPANIES
Aurora Cannabis ACB
Canopy Growth CGC
Cronos Group CRON is Canadian based
Curaleaf Holdings CURLF
Green Thumb Industries GTBIF
Tilray Brands Inc. (TLRY)
Trulieve Cannabis TCNNF based in Florida
ETFs
Cambria Cannabis ETF (TOKE)
AdvisorShares Pure US Cannabis ETF (MSOS) – U.S.-listed cannabis stocks, most popular marijuana ETF
AdvisorShares Pure Cannabis ETF (YOLO) – global stocks
ETFMG Alternative Harvest ETF (MJ) – global, passive
Amplify Seymour Cannabis ETF (CNBS) – actively managed
The Cannabis ETF (THCX) – pure play
Global X Cannabis ETF (POTX) – passive
