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Furthermore, with the laws around cannabis becoming gradually more favorable, more players are entering the cannabis space, making the industry highly competitive. This trend could negatively impact the market share of existing players.
Given this backdrop, we think it could be wise to steer clear of cannabis stocks Curaleaf Holdings, Inc. (OTC:CURLF), Canopy Growth Corporation (CGC), and GrowGeneration Corp. (NASDAQ:GRWG). The companies possess weak fundamentals, and analysts have recently downgraded these stocks.
