GTBIF - Better Buy: Aurora Cannabis vs. Green Thumb Industries
2023-04-04 10:50:00 ET
Marijuana stocks have performed poorly over the last two years. But, like any fledging industry, the cannabis industry has its trials.
However, over the long term, t he industry has a significant growth runway ahead. Cannabis analytics firm BDSA estimates that global cannabis sales will reach $57 billion by 2026, a 13% annual growth forecast from $30 billion in 2021, with bulk of this growth expected to be driven by the Canadian and American markets. Investment opportunities seem lucrative, and investors with a higher risk appetite might stand to profit handsomely in the long run in this volatile industry.
Canada-based Aurora Cannabis (NASDAQ: ACB) and Chicago-based Green Thumb Industries (OTC: GTBIF) , a U.S. multi-state operator (MSO), are two of the most popular names in the industry. But let's find out which one is positioned to capture this growth and worth investing in.
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Better Buy: Aurora Cannabis vs. Green Thumb Industries