The first Wall Street bank to follow marijuana stocks just added 2 major names to its coverage universe. Here’s what it’s saying.


Cowen, the first major Wall Street bank to follow marijuana stocks, has been publishing recommendations on Canopy Growth and Tilray , and on Tuesday added Cronos Group and Aurora Cannabis to its coverage. The four Canadian cannabis producers were listed in the US last year, prompting investors to pour money into the industry. Also in the last year, a wave of recreational-marijuana legalization has triggered companies in other fields, such as beverage and tobacco, to enter the space.

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