Although the cannabis sector represented a seemingly viable place to park your money following Canada’s legalization of the much-maligned plant, administrative backlogs and inefficiencies substantially hindered progress. Even without those obstacles, Sundial Growers (NASDAQ:SNDL) stock addresses a relatively small market.
Thus, for Calgary-based Sundial and others, the U.S. represents the holy grail of weed.
While marijuana legalization has always been a contentious topic stateside, the idea that one day, the federal government will de-schedule cannabis is not an unreasonable one. Should the U.S. market open up, it would presumably be a boon for SNDL stock.
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The post Global Cannabis Acceptance Seems Positive for Sundial Growers originally appeared at InvestorPlace.