Pot Stocks Get New Bull at Canaccord on Regulatory Hopes

After a years-long slump the cannabis industry is ready for a second look, according to a Canaccord Genuity analyst who kicked off coverage by rating four out of five cannabis stocks as buys.

“The winds of (regulatory) change are finally starting to gust,” the analyst, Kenric Tyghe, wrote. “Any material change to the backdrop ahead of the midterm elections will drive a re-rating of the space, given investors had all but written off the possibility of positive news any time soon.”