Themes like cannabis tend to persist longer than many think they will.
This $12 billion industry could rise to around $630 billion over time, according to Seaport analysts.
Strength in Apple and other FANG names are pluses, as are pockets of action in gold mining, cannabis, biotechnology and shipping.
In its first report on cannabis companies, Melius says prices are high.
And why I won't recommend any other stocks in these markets, right now.
Right now they are speculative growth stocks through and through.
The main reason most cannabis-related concerns head north to list their shares is banking.
What matters here is the ability to innovate, market, and sell.
Establishing who the stragglers are and what impact they might have in the future is the key at this point.
Perhaps no company has bought into the Canadian cannabis craze more than Constellation Brands.