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Furthermore, with the laws around cannabis becoming gradually favorable, more players are entering the cannabis space, making the industry highly competitive. This could negatively impact the market share of existing players and place more downward pressure on prices.
Given this backdrop, it could be wise to steer clear of cannabis stocks Harvest Health & Recreation Inc. (HRVSF), TerrAscend Corp. (TRSSF), and OrganiGram Holdings Inc. (NASDAQ:OGI), which possess weak fundamentals.
