Tilray and Other Marijuana Stocks Set to Grow in 2019, According to a Top Analyst
It should get easier to buy legal marijuana in 2019, an analyst said Tuesday, as companies like Canopy Growth (CGC) and Tilray (TLRY) overcome the supply problems that hobbled them in the fall when recreational pot use became legal in Canada.
Cowen analyst Vivien Azer, in her annual outlook, also predicted that packaging supplier KushCo Holdings (KSHB) will grow by triple digits, as marijuana demand grows in U.S. states like California, Nevada, and Massachusetts.
Azer is a key opinion leader as Wall Street cautiously considers the volatile world of marijuana stocks. She reiterated her Outperform ratings on Canopy Growth stock, Tilray stock, and KushCo stock. But increasing cannabis use seems to be coming at the expense of beer sales, she said in her report. By 2030, Azer forecasts, cannabis sales in the U.S. will grow to $80 billion. That’s compared to about $50 billion today, both legal and illegal.
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https://www.barrons.com/articles/marijua...yptr=yahoo
It should get easier to buy legal marijuana in 2019, an analyst said Tuesday, as companies like Canopy Growth (CGC) and Tilray (TLRY) overcome the supply problems that hobbled them in the fall when recreational pot use became legal in Canada.
Cowen analyst Vivien Azer, in her annual outlook, also predicted that packaging supplier KushCo Holdings (KSHB) will grow by triple digits, as marijuana demand grows in U.S. states like California, Nevada, and Massachusetts.
Azer is a key opinion leader as Wall Street cautiously considers the volatile world of marijuana stocks. She reiterated her Outperform ratings on Canopy Growth stock, Tilray stock, and KushCo stock. But increasing cannabis use seems to be coming at the expense of beer sales, she said in her report. By 2030, Azer forecasts, cannabis sales in the U.S. will grow to $80 billion. That’s compared to about $50 billion today, both legal and illegal.
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https://www.barrons.com/articles/marijua...yptr=yahoo
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