Canadian Cannabis Market Update: Best Stocks to Track in February 2025
Portfolio Pulse from
The U.S. cannabis industry is growing rapidly, with sales projected to rise from $40 billion in 2024 to $58 billion by 2030. This growth is driven by increasing legalization and consumer acceptance, particularly in states like New York, where retail sales hit $1 billion in 2024. Investors are advised to track Canadian cannabis stocks in February 2025.
February 02, 2025 | 10:15 pm
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The Cannabis ETF (THCX) is likely to benefit from the U.S. cannabis industry's growth, with sales projected to increase significantly by 2030. The ETF may see positive investor sentiment as the market expands, particularly in states like New York.
THCX, as a cannabis-focused ETF, is directly impacted by the growth in the U.S. cannabis market. The projected increase in sales and the rapid expansion in states like New York suggest a positive outlook for the ETF, likely boosting investor interest and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80