Why Canopy, Sundial, and Tilray Stocks Just Popped
Cannabis stocks are glowing green on Friday, with Tilray (NASDAQ: TLRY) tacking on a 2% gain as of 1:45 p.m. ET, Sundial Growers (NASDAQ: SNDL) up 2.6%, and Canopy Growth (NASDAQ: CGC) leading the pack higher with a 5.2% gain.
In one way, that's kind of surprising -- after all, both Tilray and Canopy Growth had their price targets cut yesterday by analysts at NYC wealth management firm Alliance Global Partners. Looked at another way, it's not surprising at all.
Because as it turns out, there's a lot of money to be made from marijuana -- for the governments that legalize it.
Source Fool.com
