- Cannabis stocks are exhibiting strong momentum with the THCX ETF up over 40% since the U.S. election.
- A trend toward legalization in the U.S. with more states approving recreational marijuana supports the long-term outlook for cannabis companies.
- The recently announced merger between Canadian cannabis producers Tilray Inc. and Aphria Inc. is adding to positive sentiment fueling the prospects of further M&A activity in the sector.
- We are bullish on THCX which has more upside through next year.
For further details see:
THCX: Momentum In Cannabis Stocks To Continue Through 2021