A rotation into cannabis stocks by retail investors has a lot more room to run as the latest meme-stock rally fades, research firm says
A worker smiles as she shows cannabis plants at the Tilray factory.
REUTERS/Rafael Marchante
The meme-stocks rally that’s propelled AMC Entertainment up more than 2,200% so far this year is showing signs of exhaustion, but a recent pickup in buying of cannabis stocks including Tilray suggests that space could be the next center of attention for retail investors, according to a research firm.
“Retail purchases of meme stocks probably peaked on Wednesday,” said Vanda Research on Friday, noting a slowdown…
