Though May isn’t over yet, let's look at three cannabis stocks that led the pack this month in revenue growth: Sundial (NASDAQ: SNDL), TerrAscend Corp. (OTCQX: TRSSF) and Curaleaf Holdings (OTCQX: CURLF).
Despite the crowded field, uncertainty regarding legalization and the illicit market yanking profits away from legal operators (just ask New York), there is still a modicum of optimism in the air. Why? The Senate finally heard testimony on the SAFE Banking Act, which seeks to normalize relations between state-licensed cannabis businesses and financial institutions.
Sales Slowed But Not That Much
Though cannabis sales have slowed across the country, even in monster markets like Michigan and Illinois, most agree that the drop has to do with oversupply, which has forced retailers to slash prices and, again, they’re all facing competition …