Five pot stocks Canadians should watch out for

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Since the announcement of a Biden-Harris election, investors are paying close attention to the North American cannabis market, which has seen outsized growth since the beginning of November. Bruce Linton talks cannabis, psychedelics, and why he’s ‘unemployable’ Vancouver company announces clinical trial of psilocybin-assisted psychotherapy for substance use disorders Lucky for Mike Tyson, there will be no drug testing for weed at upcoming exhibition bout with Roy Jones Jr. Over the past few weeks, a trend has emerged: investors feel positive about the Biden-Harris administration and the impact it will have on Canada’s cannabis industry. While to date, there’s no federal cannabis legislation in the U.S., the incoming administration is perceived to view the cannabis sector with a friendly tone. Looking at our traffic trends across TradingView, the data suggests cannabis stocks to watch for through the end of the year are: Aphria ($APHA) Tilray ($TLRY) Canopy ($CGC) Aurora ($ACB) Green Thumb ($GTBIF) We’re already seeing some Canadian companies, like Canopy Growth, implement strategies to enter into the U.S. market, and looking forward, here’s what we can expect from other market players. Firstly, it’s anticipated that there will be significant interest in having cross-border relationships in the cannabis industry, and that investors will favor Canadian companies that can quickly expand and plug into the U.S. cannabis companies. Canadian cannabis companies that focus on strong supply chains, retail, packaging, or ancillary cannabis products in Canada will face less regulatory burden when exporting products across the border, which will, in turn, increase those companies’ values. Aphria is a good example of a Canadian cannabis company that specializes in supply chain management and whose team is thinking of ways they can expand their distribution channels to the U.S., in 2021 — the upward movement of their stock price since the election demonstrates investor…

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