YOLO - Big Tobacco Investments Drive Cannabis Stock Surge As US Equities Outshine Canadian Peers | Benzinga
The landscape of cannabis stocks is undergoing a significant shift, with recent weeks marking a robust uptick in market performance. This surge is largely attributed to major investments from industry giants and notable company achievements, painting a promising picture for cannabis stock investors, Water Tower Research analyst Jesse Redmond said in a report issued Monday.
Big Tobacco's Big Moves
In a striking development, the U.S. cannabis MSOS ETF, AdvisorShares Pure US Cannabis ETF (NYSE: MSOS) and the global AdvisorShares Pure Cannabis ETF (NYSE: YOLO) ETF have both reported substantial growth. This uptrend is particularly noteworthy in the context of the year-to-date performance where U.S. cannabis stocks have consistently outshined their Canadian and global counterparts. This divergence signals growing investor confidence in the U.S. cannabis market, ...