HRVSF - Election 2020: Mixed results for cannabis Curaleaf seen as a winner

Cantor Fitzgerald analyst Pablo Zuanic weighs in on the cannabis industry after the election results. He notes a GOP Senate is less bullish for the industry, but notes that there are 8 Republican Senators now from recreational states (MT, SD, AK, and MI one or two) that may be supportive of marijuana reform.In regard to individual stocks, Zuanic says Curaleaf Holdings (CURLF) is a clear beneficiary of recreational approval in New Jersey (where it has #1 share) and Arizona (#2 share). He also notes that Neutral-rated Harvest Health (HRVSF) generates 50% of its sales from Arizona.Cantor has an Overweight rating on Curaleaf and a Neutral rating on Harvest Health.The ETFMG Alternative Harvest ETF (MJ) is down 2.15% in premarket trading.Earlier: Pot stocks get smoked despite latest marijuana legalization

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Election 2020: Mixed results for cannabis, Curaleaf seen as a winner