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Several challenges, including restricted access to capital and a federal criminal statute surrounding cannabis’ production and distribution, could impede the industry’s growth. On the other hand, with cannabis industry laws becoming gradually more accommodating, more players are entering this space, making the industry highly competitive. So, not all cannabis operators are well-positioned to withstand the challenges and survive in a heavily competitive market.
Given this backdrop, we think it could be wise to avoid fundamentally weak cannabis stocks Curaleaf Holdings, Inc. (OTC:CURLF) and Aurora Cannabis Inc. (ACB). These companies have also missed sales estimates in their recently released results.
