Cannabis Corner: These three have expanded their markets

Article Excerpt

First, the good news: cannabis legalization will eventually lead to some great business successes. The bad news is that only a few of the multitude of cannabis stocks today will pay off for investors. Consumer cannabis demand is high, but growing and distributing it across multiple markets is more difficult. With “Cannabis Corner,” we focus on quality stocks that are most likely to emerge as winners in the “Wild West” of marijuana investing. CANOPY GROWTH $21.97 (Toronto symbol WEED; TSINetwork Rating: Speculative) (canopygrowth.com; Shares o/s: 371.3 million; Market cap: $8.2 billion; TSI Cannabis Quality Rating [CQR]: ) lets you tap the country’s largest grower and seller of medical and recreational cannabis. Canopy has now launched its new U.S. e-commerce website, ShopCanopy.com. The online store will feature all of Canopy’s hemp-derived cannabidiol (CBD) products, including brands First & Free, This Works, and BioSteel. There are also other wellness supplements and vaporization, or vape, accessories. ShopCanopy’s CBD products will range from oils, softgels, and creams, to skincare supplements,…