Shares of Tilray Inc. ETFMG Alternative Harvest, a stock exchange fund targeting the global cannabis industry, has increased its share by 5.8% over this period.

The speculative “green fever” caused by the legalization of cannabis in Canada and some US states has faltered last year. This is due to the fact that investors began to worry about an oversupply and about whether the company will be able to withdraw enough customers from the black market.

Uncertainty about US regulations and revenue shortages have further affected the sector. Investors are betting that some of these companies have become underestimated.

For example, Canopy is trading 10% below the average target price among the 22 analysts that cover it. Meanwhile, its forward price-to-sales ratio is 16.4, which is significantly lower than its peak of 32.1 reached in January 2019, and more than half the low since November.

The name "marijuana" is derived from the Spanish pronunciation of the names of Mary and Jane. So called the Mexican military brothels

Direct speech: “We went through the golden age, and then we fell into the dark times when estimates assumed that these companies were simply dead,” said Michael Underhill, investment director at Capital Innovations.

The Underhill Fund owns Canopy shares and is increasing its stake in companies such as the CBD Alkaline Water Company. She produces drinks. These include the cannabis financing company Ianthus Capital Holdings and the multidisciplinary operator Harvest Health and Recreation Inc.

Others focus on businesses that are not net players in the cannabis market, which they expect to better withstand the harsh US regulatory environment.

Illinois this year became the 11th state of the United States along with the District of Columbia, where the sale of cannabis is permitted for recreation. However, according to a note from research firm Jefferies, an elective measure to legalize recreational use in Florida, the state’s third most populous population, is likely to appear no earlier than 2022.

• We previously reported that cannabis products are expanding in the UK.
• At the present stage of economic development, scaling is appropriate, and the Canadian cannabis producer is significantly enlarging.
• We also wrote that the Chief Minister of Jersey announced his support for the cultivation of medicinal cannabis.