Cannabis industry has shown good momentum with solid progress in legalization and growing use for therapeutic and recreational purposes. Therefore, we believe that cannabis stocks Sundial Growers and Aurora Cannabis (NASDAQ) are the best. Endo International is also a good choice. (), and HEXO (NASDAQ:), which each gained more than 9% in price last week, could be worth adding to one’s watchlist. Let’s discuss.Increasing demand for therapeutic cannabis from an aging population and changes in consumer preferences toward innovative recreational cannabis products have been driving the cannabis industry’s growth. A 21.39% compound annual growth rate (CAGR) is predicted for the legal cannabis market to grow to $34.91 million by 2025.

Last week, cannabis stocks rebounded on the back of Republican-led legalization efforts. Marijuana Moment reported that raw cannabis would become an agricultural commodity and would therefore be treated in a similar way to alcohol. Legalization has seen both U.S. as well Canadian stocks of cannabis stock skyrocket. Indeed, investors’ interest in the cannabis industry is evidenced by the AdvisorShares Trust – AdvisorShares Pure Cannabis ETF’s (YOLO) 17.5% returns over the past year.

Canabis stocks Sundial Growers Inc . (SNDL), Aurora Cannabis Inc., Endo International plc and HEXO Corp. all saw prices jump more than 9% last week. So, we think these stocks could be good additions to one’s watchlist.

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