"Cannabis Stocks Surge on DHHS Recommendation, Top Picks for Q3 2023"

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Source: Investopedia
"Cannabis Stocks Surge on DHHS Recommendation, Top Picks for Q3 2023"
Photo: Investopedia
TL;DR Summary

The cannabis industry, despite ongoing legal and regulatory challenges, is projected to grow to $444.3 billion by 2030. Investors can track the sector through the ETFMG Alternative Harvest ETF (MJ). The article highlights the best value, fastest-growing, and best-performing cannabis stocks. Cresco Labs, SNDL Inc., and Trulieve Cannabis are identified as the best value stocks based on their low price-to-sales ratios. Tilray Brands, TerrAscend Corp., and Verano Holdings are recognized as the fastest-growing stocks with high year-over-year sales growth. TerrAscend, Green Thumb Industries, and Tilray Brands are the top-performing stocks over the past 12 months. Investing in cannabis stocks offers growth potential, with increasing acceptance and changing perceptions toward cannabis. However, limitations include limited access to financial services and competition leading to oversupply and falling prices.

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