Canopy Growth vs. SNDL vs. Tilray Brands: What's the Best Pot Stock to Buy If You're Bullish on Legalization?
Many cannabis investors are showing signs of bullishness again now that the U.S. government announced it moved forward with efforts to reschedule marijuana into a less serious drug regulatory category. The recategorization doesn't mean that marijuana legalization in the U.S. is inevitable, but it's a clear sign of a change in regulatory attitude on the substance that suggests legalization is a more of a possibility.
Three Canadian-based cannabis stocks that could benefit the most from legalization in the U.S. market are Canopy Growth (NASDAQ: CGC), Tilray Brands (NASDAQ: TLRY), and SNDL (NASDAQ: SNDL). Here's a breakdown of their respective businesses and which one may be the best option for investors who are bullish on the prospects for legalization.
Ontario-based Canopy Growth has been making moves in anticipation of legalization in the U.S. for years, dating back to 2019 when it first announced plans to acquire multi-state operator Acreage Holdings. While legalization still hasn't taken place, it hasn't stopped Canopy from trying to find ways to close on its acquisition of Acreage and other U.S.-based cannabis businesses.
Source Fool.com
