1 Trend for Cannabis Investors to Watch for in 2023
The cannabis industry in Canada hasn't been in good shape for some time. Growth is almost nonexistent, profits are elusive, and stock prices of marijuana producers have been nosediving. What's particularly telling are the moves of two of the industry's leaders, Aurora Cannabis (NASDAQ: ACB) and Canopy Growth (NASDAQ: CGC).
Both of these companies are trying to improve their financials, and there's one common trend among them that investors should be watching closely this year: their focus on markets outside of Canada.
Canopy Growth has been arguably too focused on expanding to the U.S., to the point where it may even cost the company its listing on the Nasdaq. Aurora, meanwhile, has been focusing on international markets and medical marijuana in an effort to improve its margins.
Source Fool.com
