Why Cowen Loves These 3 US Cannabis Stocks

The U.S. House of Representatives passed legislation on Monday to allow banks to provide services to cannabis companies in states where it is legal.

Republicans are increasingly warming up to adult-use cannabis legalization given the jobs and tax revenue opportunities, Cowen Inc. analyst Vivien Azer said Tuesday on CNBC's "Squawk On The Street."

As more states move toward legalization of cannabis, the analyst said she likes three U.S names in particular.

"Our best idea" is Green Thumb Industries Inc GTBIF, Azer said.

The analyst also has Outperform ratings on Curaleaf Holdings Inc CURLF and Trulieve Cannabis Corp TCNNF.

Related Link: These OTC Securities Had The Most Trading Activity In March

Price Action: Green Thumb was down 2.11% to 26.58 at last check Tuesday.

Curaleaf was down 3.31% to $12.66 at last check Tuesday.

Trulieve was down 2.40% to $36.60 at last check Tuesday. 

(Image by Brent Barnett from Pixabay)

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Posted In: Analyst ColorCannabisMarketsAnalyst RatingsTrading Ideascannabis industryCNBCCowenCuraleafGreen ThumbSquawk on the StreetTrulieveVivien Azer
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The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


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