In an interview with BNN Bloomberg’s Amber Kanwar on Monday, Matt Bottomley, director of equity research at Canaccord Genuity Group Inc., said the marijuana sector is suffering from a regulatory problem both in the U.S. and Canada.He believes once these issues are out of the way, more institutions will get involved within the space.
“Just because we’re at the lows of the lows right now, it doesn’t mean the bullish prospects aren’t there,” he said. He recommended Green Thumb Industries Inc , Trulieve Cannabis Corp and Curaleaf Holdings, Inc. as his top picks in the cannabis sector. Bottomley, his family, his firm and his investment banking clients do not own any of the stocks mentioned above.
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