What it means to invest in U.S. vs. Canadian cannabis stocks

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As the cannabis industry grows, it's imperative that investors understand where they're putting their money in the space, says Tim Seymour.

U.S. names have enjoyed healthy gains in 2020, with Trulieve, TerrAscend and Green Thumb all up triple digits. And while the group's moves around the presidential election were "solid, ... overall, cannabis stock trading was confusing at best," Seymour said in a Wednesday interview.

When Canada federally legalized cannabis use in 2018, Canadian pot stocks became "the conduits in which a lot of institutions could access the cannabis market, even if the Canadian [limited partnership]s were not necessarily sitting in the middle of the biggest and most important market in this new high-growth sector," he said.

Additionally, while over-the-counter stocks in many cases "have significant liquidity and are as efficient to trade" as stocks on major exchanges, some institutions and ETFs are limited from investing in that market."Picking the best stocks often is about understanding where capital is going," Seymour said.

 

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Good article and Tim Seymours $CNBS is a good way to invest in the Cannabis sector with some degree of confidence. Picking good quality pot stocks has been tricky and volatile the past few years. I think Tim has put together a pretty good ETF here.

Wonder what would happen if The Senate 'Leader' didn't say, 'NO!' to even debate, much less a vote on the Senate floor. How about some pressure on that guy?

nice

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