Legalization May Come Soon. Who Will Wear the Cannabis Crown?
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The U.S. federal ban on cannabis may soon come to an end. But the fragmented market makes it difficult to pick a winner, Piper Jaffray says.
“We believe successful brands can emerge in the US, likely built on product differentiation, but in early stages of a new industry, it can be hard to identify long-term winners, ” analyst Michael Lavery wrote in a note to clients.