TLRY - U.S. cannabis stocks to enjoy further upside after recent legal changes: Barron's

While many Canadian cannabis stocks dropped over the past two years, their U.S. counterparts are likely to continue their recent gains, notes Barron’s in a recent article on the American marijuana industry.Despite their losses and the sales trailing those of U.S. rivals, the Canadian producers such as Canopy Growth (CGC), Tilray (TLRY), or Aphria (APHA) are listed on NASDAQ, given their legality in the home market, authors, Max A. Cherney and Connor Smith point out.Meanwhile, American companies such as Curaleaf (CURLF), Green Thumb Industries (GTBIF), Trulieve Cannabis (TCNNF), and Cresco Labs (CRLBF) are weighed down by federal illegality and they trade over the counter.Yet, U.S. cannabis chains are profitable and seeing sales growth with as much as a two-fold and three-fold rise, the authors noted.However, with recent legal changes in their favor, the ‘sales can’t help but grow,’ Cherney and Connor argue pointing to among other things, the SAFE Banking Act passed by the House

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U.S. cannabis stocks to enjoy further upside after recent legal changes: Barron’s