Anyone paying attention to the stock market for cannabis stocks will have noticed that 2019 was perhaps the worst year the sector has seen. However, many analysts are predicting that the losses in the Canadian cannabis market could lead to gains for the U.S. market.
Leading the way when it comes to the top pot stocks are Aurora Cannabis Inc., ACB (NYSE) and Canopy Growth Corp., CGC (NYSE), whose CEOs have stepped down. This could lead to gains for investors if an improvement in operations comes along with executive changes. With the margin for error being so slim, most cannabis companies can’t afford “loyalty to unskilled management,” according to Benzinga.
“It’s a buyer’s market, the end of last year and beginning of this year. I think that has created a big roll-up opportunity for the right players in the [legal cannabis] space. I’m a buyer of management teams,” said Thomas Haug, CEO of Aspen Tree Advisory.