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Though marijuana is still illegal at the federal level in the U.S., several states have legalized recreational cannabis in the last few months, and a majority of the regions already allow medical marijuana products. The cannabis market is expectedly much larger in the U.S. compared to Canada. Further, U.S. cannabis producers are benefiting from economies of scale and are racing towards profitability while Canadian companies are grappling with massive losses and rising inventory levels.
Today I’ll analyze two such cannabis producers, Sundial (SNDL) and Green Thumb (GTBIF), to see which is a better stock right now.
