Cannabis stocks are a part of an emerging market of legalized marijuana, which involves the harvesting, packaging, and retail sale of good old Mary Jane.
In Canada, the cannabis industry has blossomed nicely since its nationwide legalization in 2018. According to one economic study, marijuana sales have contributed $43 billion to Canada’s GDP and created roughly 150,000 jobs.
Notwithstanding the impressive growth, numerous regulations and compliance issues have slowed down marijuana companies in recent years. A continued dependence on black market cannabis has also made it difficult for some companies to grow bigger.
Below we’ll break down marijuana stocks and help you decide if they have a place in your portfolio.
Related: List of stocks in the Canadian healthcare sector
What are cannabis stocks?
Cannabis stocks are companies involved in the growth, distribution, and sale of medical and…
