As Cannabis D-Day Approaches, Winners and Losers Set to Emerge
- Legalization in Canada forces clarity on ‘concept stocks’
- Analysts predict only a handful of companies will survive
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The cannabis hype is about to come face-to-face with reality.
After Canada legalizes recreational marijuana on Oct. 17, it will only take a quarter or two for clear winners and losers to emerge, according to investors and analysts who follow the sector. This means investors will have to get choosier as the days of highly correlated stock moves draw to a close.