Zacks Market Edge Highlights: Aurora Cannabis, Canopy Growth, Cronos Group, Innovative Industrial Properties and Constellation Brands

For Immediate Release

Chicago, IL – October 15, 2020 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (

Is It Finally Time to Buy Marijuana Stocks?

Welcome to Episode #245 of the Zacks Market Edge Podcast.

Market Edge From Zacks Is it Finally Time to Buy Marijuana Stocks?

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

This week, Tracey is joined by Zacks Stock Strategist, David Borun, who is also the Editor of Zacks Marijuana Innovator newsletter and Zacks expert on how to invest in the marijuana industry.

It’s been a tough few years for marijuana investors as some of the popular Canadian stocks have sunk during that time.

Aurora Cannabis (ACB) has taken the biggest tumble, falling 96%.

But Canopy Growth (CGC) is down 62.5% and Cronos Group (CRON) has fallen 42% over that same time.

Some investors have gotten disillusioned.

But there are 6 marijuana initiatives on the ballot in November in 5 states which could expand both recreational and medicinal use to new states.

Additionally, many fans of the industry are hoping for Federal legalization, possibly as soon as 2021, if the Democrats take control of the Senate.

Some Marijuana Stocks That Are Already Working

But investors do have some options of some companies that are involved in the marijuana industry.

Innovative Industrial Properties (IIPR) is a REIT that targets medical-use cannabis facilities for acquisition and that includes sale-leaseback transactions.

It recently hit new 52-week highs. It also pays a dividend, currently yielding 3.5%.

Constellation Brands (STZ), the spirits company, has also made a big investment in the industry by partnering with Canopy Growth to make weed-infused beverages.

The marijuana stocks have seen a mini-rally in recent sessions.

Will it last?

Is the worst over for the marijuana stocks?

Tune into this week’s podcast to find out what’s going on in this emerging industry.

[In full disclosure, Tracey owns shares of IIPR in her own personal portfolio.]

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Constellation Brands Inc (STZ): Free Stock Analysis Report
Innovative Industrial Properties, Inc. (IIPR): Free Stock Analysis Report
Canopy Growth Corporation (CGC): Free Stock Analysis Report
Cronos Group Inc. (CRON): Free Stock Analysis Report
Aurora Cannabis Inc. (ACB): Free Stock Analysis Report
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