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Wednesday, September 27, 2023

That’s why Cannabis stock presents investors with a great opportunity?

It’s no surprise that cannabis is getting a lot of attention. There are a number of states that have legalized recreational marijuana, and most states allow medical marijuana. Opportunities in this sector can only be attained if a person knows about the best cannabis stocks.

Why should you learn about the best cannabis stocks?

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Globally, the cannabis industry appears to be headed for a glorious future, with the United States as the biggest market. Investopedia predicts that marijuana’s annual market value in the U.S. will exceed $30 billion by 2025. Cannabiz Media, on the other hand, estimates that the U.S. cannabis industry will reach a massive $160.7 billion by 2025. The important thing is that the market is growing rapidly, no matter what the statistics say.

How would you interpret this information? There are many revenue-generating opportunities in the cannabis industry, meaning that cannabis companies have many ways to generate revenue.

You should consider buying these best cannabis stocks by the end of the year.

Canopy Growth Corporation (NASDAQ: CGC) is -46.96% lower on its value in year-to-date trading and has touched a low of $12.45 and a high of $56.50 in the current 52-week trading range. The CGC stock was last observed hovering at around $13.07 in the last trading session, with the day’s loss setting it -1.36% off its average median price target of $17.81 for the next 12 months.

Canopy Growth Corporation (NASDAQ: CGC) share prices have decreased by -0.76% over the past week, but are down -28.50% in the last quarter. Going further back, the stock’s price has tanked -48.64% over the last 6 months but is down -46.96% in year-to-date trading.

Tilray Inc. (TLRY) started the day trading at $10.42 and recorded an intraday high of $10.725. It also recorded an intraday low of $10.235 during Tuesday’s trading session. Tilray Inc. is a very active stock that recorded a trading volume that is more than 12.65% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 14.97 million, which is more than 12.65% of the total average daily trading volume of 14.97 million.

In terms of its performance, TLRY is up 56.46% over the past year, and it is down -2.71% over the last week. The stock’s price index is -2.98% lower over one month and -25.36% lower over three months. It is showing a -34.47% return in the past six months.

Cronos Group Inc. (NASDAQ: CRON) started the day on 11/02/21, with a price decrease of -1.11% at $5.36. During the day, the stock rose to $5.42 and sunk to $5.23 before settling in for the price of $5.36 at the close. Taking a more long-term approach, CRON posted a 52-week range of $5.16-$15.83.

CRON stock lost -2.19% during the last week and fall -2.37% over the last one-month period. Shares of this company’s stock fall -24.61% throughout the last quarter. Within the last six months, the stock has decreased -32.07%, with a full-year loss of -10.82%. At the time of writing, this stock’s year-to-date (YTD) price performance is now negative at -22.77%.

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