|Bid||5.93 x 1200|
|Ask||5.96 x 3200|
|Day's Range||5.79 - 5.98|
|52 Week Range||4.91 - 15.83|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 03, 2021 - Nov. 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Here's why cannabis giants such as Aurora Cannabis and Cronos Group remain high-risk bets for long-term investors. The post 3 Cannabis Stocks That Will Continue to Underperform the TSX in 2021 and Beyond appeared first on The Motley Fool Canada.
Much of the excitement in the marijuana industry today centers around the possibility that the U.S. will legalize cannabis in the near future. Support for legalization has never been higher, with more than two-thirds of Americans now in favor. Canadian cannabis companies are making deals ahead of time, trying to position themselves as best as they can for the moment the U.S. pot market finally opens up for them.
When the U.S. government eventually legalizes marijuana, there will undoubtedly be a lot more businesses looking to expand into the growing industry. The current federal ban on pot means that large companies with robust logistical abilities don't generally see the point of getting involved, since marijuana can't cross state lines. Among the most notable names that have already gained exposure to the cannabis industry are Altria Group (NYSE: MO), Constellation Brands (NYSE: STZ), and Alimentation Couche-Tard (OTC: ANCU.F).