Plenty of pot stocks have been on a tear in 2019, and PiperJaffray’s Michael Lavery thinks that fewer restrictions and the need for pain management could keep the group climbing.
What’s new. Piper’s Lavery reiterated Overweight ratings on Canopy Growth , Tilray , and GW Pharmaceuticals , with price targets of $60, 90, and $185, respectively. “We expect continued medical cannabis growth, especially as the US searches for opioid alternatives,” he writes. “Medical use is legal in over 30 US states, and we expect prohibition to end in the next few years through the STATES Act or federal legalization.
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