About 70% of Americans support legalizing cannabis. And the increasing popularity of cannabis products for therapeutic and recreational uses has been propelling the cannabis market’s growth. Hence, we think cannabis stocks Sundial (SNDL) and OrganiGram (OGI), whose shares have gained more than 30% in price so far this year, could be worth adding to one’s watch list. Read on.The growing demand for cannabidiol oil for therapeutic needs from an aging population, improvement in sleep hygiene, and changes in consumer preferences toward innovative recreational cannabis products have been driving the cannabis industry’s growth. Legal cannabis sales are expected to grow by 21.39%, reaching $34.91 Billion in 2025.
Uber Technologies, Inc., (NYSE:), announced this month that they would let consumers from Ontario, Canada, place cannabis orders on their Uber Eats app. On the other hand, 68% Americans support legalizing marijuana. GOP legislators are increasingly supporting legalization across the board at both the federal and state levels. Positive investor sentiment surrounds the cannabis market has resulted from this support.
Canabis stocks Sundial Growers Inc . OrganiGram Holdings Inc. (NASDAQ) has seen a more than 30% increase in its price since 2021. These stocks may be worth adding to your watchlist.
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