It was going to happen, and even though many of the top cannabis stocks are based in Canada and get coverage there, until recently, there has been little major Wall Street coverage in the United States. However, that is changing and changing fast, and needless to say, the marijuana industry now is sort of like the beginning of the dot-com era in the mid-1990s. With that in mind, it is entirely possible that some of the companies that are in the mix now could be long gone five or 10 years from now.
Merrill Lynch has coverage on the industry, and when a major Wall Street firm like Merrill starts and maintains coverage, it pretty much legitimizes things for good. The analysts remain very positive on five cannabis companies, rating their stocks at Buy, and said they said this in a recent report:
Canada’s cannabis market is coming to life after a tepid start, and we expect strong growth to sustain ahead. Despite attractive trends, however, Wall Street expectations on an absolute basis seem aggressive based on current market size. Canada may need to add at least 400 stores in one year just to get close to expectations.
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Merrill Lynch Is Very High on 5 Top Buy-Rated Marijuana Stocks
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