What Will Cannabis Stocks Do If U.S. Legalizes Pot? See Canada

The cannabis space is once again alight with excitement about legalization efforts in a major North American country. Back in 2018, it was optimism about impending federal legalization in Canada, which sent local pot stocks such as Canopy Growth Corporation  (CGC) – Get Canopy Growth Corporation Report and Tilray  (TLRY) – Get Tilray, Inc. Report soaring as hopes of a booming industry buoyed valuations that, in hindsight, were well beyond reason.

Now, recent optimism about growing state legalizations and the possibility of federal legalization in the U.S. has helped cause U.S. cannabis leaders Curaleaf CURLF and Trulieve  (TCNNF) – Get Trulieve Cannabis Corp. Report, as well as Canadian pot stock stalwarts such as Canopy, Tilray and Hexo Corp.  (HEXO) – Get HEXO Corp. Report, to each increase by triple-digit percentages in the past year, despite a recent pullback.

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