Cannabis stocks rose to prominence a few years ago when Canada famously legalized the recreational use of pot. According to some estimates, the marijuana market will expand at a compound annual growth rate of 25.4% through 2030. Let's look at two cannabis stocks that can deliver market-beating returns in the long run and increase investors' wealth: Jazz Pharmaceuticals (NASDAQ: JAZZ) and Innovative Industrial Properties (NYSE: IIPR).
Catalyst (CPRX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Jazz (JAZZ) reports data from a mid-stage study on its investigational bispecific antibody targeting HER2-expressing mGEA. The treatment achieved an overall survival rate of 84% in 18 months.