One top Wall Street bank just recommended two top cannabis stocks.
The news is sparking a major move for the sector.
Piper Jaffray analyst Michael Lavery sees big upside for Canopy Growth (NYSE: CGC) and Tilray (NASDAQ: TLRY).
The analyst just issued a pot stock buy alert. His BUY RECOMMENDATIONS have share price targets of $40 for Canopy and $90 for Tilray.
In the near term, Lavery expects the legal cannabis market could grow to $15 billion to $50 billion.
Longer-term, the total market could expand to reach $500 billion! (click here to profit)
This is the latest news sparking a new bull market for cannabis stocks. The Horizons Marijuana ETF (TSE: HMMJ) – which tracks the sector – is up 29% in the last two weeks.
Cannabis stocks have typically been recommended by boutique firms. However, we’ve recently seen Wall Street firms including J.P. Morgan get bullish on the sector.
This kind of pot stock buy alert is an important signal that the cannabis sector is going mainstream.
Wall Street analysts are now willing to recommend these stocks to their clients. Meanwhile, mutual funds and institutional investors are jumping into the growth sector.
It’s hard to ignore.
Cannabis sales in the United States are expected to surge from $9.7 billion to over $100 billion in the next 10 to 12 years.
That’s a 931% growth market!
Pot stocks have resumed their bullish trend. That makes now the time to BUY these top stocks for big profits.
Yours in Profits,