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CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

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Halloween is prime spooky season, but for most investors, all of 2022 has been quite scary. Stocks across the board have taken substantial hits this year, with cannabis particularly affected.

Cannabis&#39; surging pandemic performances have been dashed mostly. Now, Fed uncertainty looms while profitability continues to elude most operators, from MSOs to the ancillary market.

Mostly Tricks, Few Treats For Pot Stocks in 2022

Education

General

CNBS

THCX

From Israel to Panama to Los Angeles, we explore the science of cannabis and sex, and some of its products

Mother Nature&#39;s Little Blue Pill? Weed And Sex, What You Need To Know

Does cannabis use lead to more drinking, or to less? 

The answer to that question has been as elusive as the chicken or the egg quandary. 

Weed vs. Booze: Which Way Is Consumption Going?

Baird analyst George Gianarikas downgrades Fluence Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) from Outperform to Neutral and lowers the price target from $24 to $20.

Downgrades

Price Target

Analyst Ratings

FLNC

Baird Downgrades Fluence Energy to Neutral, Lowers Price Target to $20

BIRK

Birkenstock Holding Sees FY25 Revenue Growth Of 15%-17% YoY; Adjusted EBITDA Margin To Rise Up To 50 Basis Points To 30.8%-31.3%, Projects Capital Expenditures Of Approximately EUR80M

Birkenstock Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.26 by 23.08 percent. This is a 128.57 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $500.93 million which beat the analyst consensus estimate of $439.29 million by 14.03 percent. This is a 22.88 percent increase over sales of $407.67 million the same period last year.

Birkenstock Holding Q4 Adj $0.32 Beats $0.26 Estimate, Sales $500.93M Beat $439.29M Estimate

Large Cap

Tech

Accenture Has Agreed To Acquire IQT Group, The Acquisition Will Combine Accenture's Generative Ai And Digital Capabilities With IQT Group's Infrastructure Projects, Deal Terms Were Not Disclosed

Elon Musk&#8216;s rocket manufacturing company SpaceX completed three Falcon 9 missions in under 24 hours on Tuesday as it gears up to meet its own launch targets for the year.
What Happened: On Monday, at 7:52 p.m. ET, SpaceX&#8217;s Falcon 9 launched the RRT-1 mission from Florida. 
On Tuesday, at 5:19 a.m. PT, the company&#8217;s rocket launched the NROL-149 mission from California. 
At 5:26 p.m. ET on the same day, the company also launched the SES&nbsp;O3b mPOWER&nbsp;mission from Florida, successfully launching three missions in 24 hours. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Teams complete three successful Falcon 9 missions in under 24 hours <a href="https://t.co/us2i2AotB1">pic.twitter.com/us2i2AotB1</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1869221857930703078?ref_src=twsrc%5Etfw">December 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
SpaceX launched its 125th mission for the year on Dec. 13. With the three recent launches, the total number of launches undertaken by SpaceX this year has risen to 128.
Why It Matters: SpaceX was initially looking to complete 144 launches this year or an average of 12 times per month. 
However, SpaceX VP of Launch&nbsp;Kiko Dontchev&nbsp;said in November that the company will&nbsp;<a href="https://www.benzinga.com/news/24/11/41767169/spacex-completes-400th-successful-falcon-launch-to-date-but-will-miss-target-of-144-launches-in-2024" target="_blank" rel="noreferrer noopener">not make its goal of 144 launches this year</a>&nbsp;but is still targeting 30 more launches, or one launch every two days, for the rest of the year.
With less than fifteen days now remaining for the year, one can assume SpaceX to complete 6 more launches as per Dontchev&#8217;s estimate, successfully crossing the 130 launches benchmark. 
For the entirety of 2023, SpaceX&nbsp;<a href="https://www.benzinga.com/news/24/09/40916098/elon-musks-spacex-launches-90th-mission-in-2024-with-over-a-third-of-launch-target-still-to-go" target="_blank" rel="noreferrer noopener">only completed 96 launches</a>, not including two test flights of the company&#8217;s Starship launch vehicle. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42547466/tesla-giga-shanghais-first-employee-to-leave-this-week-report">Tesla Giga Shanghai&#8217;s First Employee To Leave This Week: Report</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

SpaceX Completes 3 Launches In 24 Hours As It Chases Annual Launch Target

The global fund managers increased their allocation to <a href="https://www.benzinga.com/24/12/42527883/top-3-financial-stocks-which-could-rescue-your-portfolio-for-december">financial stocks</a>, which include both banks and insurance companies, to an all-time high in December.
What Happened: According to the Bank of America&#8217;s Global Fund Manager Survey, as reported <a href="https://finance.yahoo.com/news/investors-allocation-to-us-stocks-hits-record-high-amid-super-bullish-sentiment-bofa-survey-164349535.html">by</a> Yahoo Finance, investors&#8217; allocation to banks increased by 23% points in December compared to the previous month. This resulted in global fund managers being 41% overweight on banking stocks in December, which is the highest since January 2022.
Similarly, the allocation to insurance companies surged by 15% points month-on-month. This represented an overweight position of 20% within the sectors by the global fund managers. It is the highest since February 2014.
Furthermore, the investor positioning relative to their historical long-term positions increased within the financial universe, followed by the U.S. stocks and utilities, according to the BofA survey.
The investors were underweight with respect to their exposure to cash, Eurozone stocks, staples, and bonds.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42531373/financial-stocks-near-record-year-could-trump-deregulation-fuel-bigger-gains-in-2025">Financial Stocks Near Record Year: Could Trump Deregulation Fuel Bigger Gains In 2025?</a>
What Are The Analysts Saying
Mario Georgiou, executive director, head of investments at InCred Global Wealth U.K., in an <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">exclusive conversation with Benzinga</a>, described tax cuts and deregulation as tailwinds to the markets. He considers inflationary policies such as tariffs and immigration impacts as headwinds, leading to a steepening yield curve, and higher term premiums.
"Financials offer an attractive risk-reward and that this recent post-election rally has room to run," added Georgiou. According to him "Financials are not only well positioned to capture the benefits of the above-mentioned Trump tailwinds, but are also less impacted / would even benefit from the Trump headwinds."
Bank of America's global economics team recently summarized the sentiment, stating, "Pro-growth policies like deregulation of financial services and energy, as well as lower taxes, are boosting market sentiment and asset prices."
According to Goldman Sachs analyst Richard Ramsden, large-cap banks remain optimistic about the economy. &#8220;Healthy consumer spending trends and strong corporate balance sheets have supported a constructive outlook,&#8221; Ramsden said in a recent note.
The top-performing financial stocks of 2024 include Robinhood Markets, Interactive Brokers Group, Coinbase Global, KKR &amp; Co, and Wells Fargo.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>YTD Performance</td>
</tr>
<tr>
<td>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td>236.54%</td>
</tr>
<tr>
<td>Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</td>
<td>111.59%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>98.65%</td>
</tr>
<tr>
<td>KKR &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)</td>
<td>85.99%</td>
</tr>
<tr>
<td>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>43.54%</td>
</tr>
<tr>
<td>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)</td>
<td>42.75%</td>
</tr>
<tr>
<td>M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</td>
<td>41.08%</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>38.52%</td>
</tr>
<tr>
<td>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td>36.04%</td>
</tr>
<tr>
<td>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</td>
<td>34.09%</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>32.89%</td>
</tr>
<tr>
<td>Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>)</td>
<td>29.53%</td>
</tr>
<tr>
<td>PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</td>
<td>26.71%</td>
</tr>
<tr>
<td>Arthur J. Gallagher &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>)</td>
<td>25.74%</td>
</tr>
<tr>
<td>HSBC Holdings Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>)</td>
<td>21.24%</td>
</tr>
<tr>
<td>Prudential Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>)</td>
<td>13.69%</td>
</tr>
<tr>
<td>American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>)</td>
<td>3.46%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Note: Data as of market close on Dec. 17, 2024</figcaption></figure>
The iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) has risen 31.35% year-to-date.
Similarly, other financial-focused ETFs have seen strong gains. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged 30.3%, while the Vanguard Financials Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFH#NYSE">VFH</a>) climbed 30.89%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42546991/dows-rare-nine-day-decline-falls-behind-267-single-day-crashes-since-1900">Dow&#8217;s Rare Nine-Day Decline Falls Behind 267 Single-Day Crashes Since 1900: Is Tech Shift To Blame?</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Long Ideas

Market Summary

Trading Ideas

ETFs

COIN

FITB

HOOD

HSBC

IBKR

iShares Dow Jones US Financial Sector Index Fund

Fund Managers Increase Allocation To Banking And Insurance Stocks In December: Here Are The Best Performing Financial Stocks In 2024

Telsey Advisory Group analyst Dana Telsey maintains G-III Apparel Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) with a Market Perform and maintains $38 price target.

GIII

Telsey Advisory Group Maintains Market Perform on G-III Apparel Group, Maintains $38 Price Target

HSBC Announced The Launch Of HSBC Communityworks Opening Doors, A New Program That Offers Home Loan Grants To Homebuyers In Underserved Counties In California, Florida, New York, New Jersey, Virginia, Washington And The District Of Columbia, Effective January 1, 2025

Goldman Sachs analyst Paul Choi initiates coverage on Lantheus Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNTH#NASDAQ">LNTH</a>) with a Buy rating and announces Price Target of $143.

Initiation

LNTH

Goldman Sachs Initiates Coverage On Lantheus Holdings with Buy Rating, Announces Price Target of $143

Macro Economic Events

Econ #s

Economics

Eurozone Consumer Price Index (YoY) For November 2.2% Vs. 2.3% Est.; 2.0% Prior

Eurozone Consumer Price Index (MoM) For November -0.3% Vs. -0.3% Est.; 0.3% Prior

Eurozone Core Consumer Price Index (YoY) For November 2.7% Vs. 2.7% Est.; 2.7% Prior

Goldman Sachs analyst Paul Choi reinstates Esperion Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPR#NASDAQ">ESPR</a>) with a Neutral and announces $4 price target.

ESPR

Goldman Sachs Reinstates Neutral on Esperion Therapeutics, Announces $4 Price Target

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Biomea Fusion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) with a Buy and maintains $40 price target.

Reiteration

BMEA

HC Wainwright & Co. Reiterates Buy on Biomea Fusion, Maintains $40 Price Target

The U.S. has the world&#8217;s largest companies by market capitalization and about two-thirds of the MSCI World Index is dominated by companies based out of America.
What Happened: U.S.-based companies ranking among the world&#8217;s top ten firms by market capitalization include Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).
These magnificent seven firms along with Broadcom are the beneficiaries of the U.S. tech and AI boom. The remaining two non-U.S. firms that make up the top ten include Saudi Arabian Oil Co and Taiwan Semiconductor Mfg Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSMC#NYSE">TSMC</a>).
According to an X post by Kevin Gordon, director and senior investment strategist at Charles Schwab, &#8220;Such an imbalance has not been seen since the late 1980s.&#8221; The data shared by him shows nine out of the top ten companies by market capitalization were based out of the U.S. in the 1980s.
"…the US, with 4% of the world's population, roughly a quarter of global GDP and a third of global profits, now accounts for more than two-thirds of the MSCI World index's capitalization. Such an imbalance has not been seen since the late 1980s…,&#8221; he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"…the US, with 4% of the world's population, roughly a quarter of global GDP and a third of global profits, now accounts for more than two-thirds of the MSCI World index's capitalization. Such an imbalance has not been seen since the late 1980s…" ⁦<a href="https://twitter.com/Gavekal?ref_src=twsrc%5Etfw">@Gavekal</a>⁩ <a href="https://t.co/OKO0XCPld5">pic.twitter.com/OKO0XCPld5</a>
&mdash; Kevin Gordon (@KevRGordon) <a href="https://twitter.com/KevRGordon/status/1868748830851633403?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Additionally, the top ten constituents in the MSCI World index are U.S.-based firms. This index captures 1,397 large and mid-cap companies across 23 developed markets.
According <a href="https://www.msci.com/documents/10199/178e6643-6ae6-47b9-82be-e1fc565ededb">to</a> MSCI&#8217;s latest release, dated Nov. 29, the U.S. has a weightage of 73.92% in the index, followed by Japan with 5.23%, the United Kingdom with 3.44%, Canada with 3.1% and France with 2.5%.
The index has the highest exposure of 25.29% to information technology companies, followed by 16.3% to financial firms.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42513306/elon-musks-tesla-nearly-5-times-more-expensive-than-industry-average-stock-surges-over-60-since-election">Elon Musk&#8217;s Tesla Nearly 5 Times More Expensive Than Industry Average: Stock Surges Over 60% Since Election</a></li>
</ul>
Photo courtesy: Shutterstock

Global

AAPL

AMZN

AVGO

GOOG

GOOGL

MSCI

MSFT

NVDA

TSLA

TSMC

US Stocks Led By Apple, Nvidia, And Other Tech Giants Dominate Nearly Two-Thirds Of MSCI World Index, Drawing Parallels To 1980s Peak

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Tenaya Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNYA#NASDAQ">TNYA</a>) with a Buy and maintains $18 price target.

TNYA

HC Wainwright & Co. Reiterates Buy on Tenaya Therapeutics, Maintains $18 Price Target

Stifel analyst Drew Crum downgrades Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) from Buy to Hold and maintains the price target from $167 to $167.

Stifel Downgrades Electronic Arts to Hold, Maintains Price Target to $167

HIMX

Himax and Seeed Studio Collaborate To Redefine IoT With AI-Powered SenseCAP Watcher, Debuting At CES 2025

Stifel analyst Brad Reback upgrades Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) from Hold to Buy and raises the price target from $102 to $130.

Upgrades

Stifel Upgrades Workiva to Buy, Raises Price Target to $130

Morgan Stanley analyst Eric Serotta maintains Celsius Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) with a Equal-Weight and lowers the price target from $46 to $42.

CELH

Morgan Stanley Maintains Equal-Weight on Celsius Holdings, Lowers Price Target to $42

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Although the cannabis market globally could have missed investors&rsquo; expectations, with stocks not living up to their hype, I believe that emerging cannabis markets hold much promise.&nbsp;



Many countries and U.S. states have recently legalized or decriminalized cannabis for medical or adult recreational use. This has opened up new consumer bases and allowed new businesses to enter the space. Compared to the more mature and saturated North American market, these emerging markets are still in the early stages of development.



I therefore believe that certain geographical regions will be accretive for investors to target that others, with these emerging cannabis markets surging ahead of others. These markets don&rsquo;t have the same amount of red tape to get through, and many already have established momentum in decriminalization or even being outright legalized altogether.



So here are three emerging cannabis markets for investors to explore.



<h2>Thailand</h2>



Recently, Thailand became the first Asian country to <a href="https://edition.cnn.com/2024/01/10/asia/thailand-cannabis-reverse-proposed-laws-intl-hnk/index.html">decriminalize cannabis</a>, primarily for medical use. This has opened up new avenues for medical tourism. Thai entrepreneurs are now exploring ways to integrate cannabis into traditional Thai medical practices, wellness retreats and spa treatments.



It should be noted that although it is decriminalized for medical use, the new conservative Thai coalition government is moving ahead to ban it for recreational use. However, given Thailand&rsquo;s key destination for tourism and wellness in general, I expect that it will remain one of those key emerging cannabis markets for U.S. investors to keep their eyes on.



Investors could get exposure to the Thailand market and others on this list through an ETF such as the Amplify Alternative Harvest ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/mj-stock-quote/">MJ</a>). This ETF focuses on the global cannabis industry, which implies exposure to Southeast Asia. It has an expense ratio of 0.78% along with a dividend yield of 4.56%.



<h2>Mexico&nbsp;</h2>



Mexico has been <a href="https://www.lemonde.fr/en/international/article/2024/02/02/mexico-dithers-on-legalizing-cannabis_6486517_4.html">moving towards legalizing cannabis fully</a> for a few years now. If legislation is passed, it could become one of the largest legal markets due to its population and tourism industry.



The potential economic impact of legalization is substantial. Estimates suggest that the legal cannabis market <a href="https://www.playadelcarmen.com/blog/legal-weed-in-mexico/">could generate billions in tax revenue</a> and create thousands of new jobs.



However, as the legislative process continues, the specifics of the regulations remain under discussion, with debates ongoing about public consumption rules, the scope of commercial licenses, and more.



For U.S. investors to take advantage of this shift in Mexico&rsquo;s stance on cannabis and other regions, one can <a href="https://horizonsetfs.com/ETF/hmmj/">invest in ETFs</a> such as the Horizons Marijuana Life Sciences Index ETF (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hmlsf-stock-quote/">HMLSF</a>).



This ETF tracks the North American Marijuana Index, which is aimed to create a comprehensive basket of North American equities that have significant exposure to the global cannabis market.



<h2>Germany</h2>



Germany became the <a href="https://www.france24.com/en/live-news/20240401-germany-gives-controversial-green-light-to-cannabis">largest EU nation</a> to legalize cannabis this month for recreational use for this month. Adults over 18 can now carry up to 25 grams of dried cannabis and grow up to three plants at home.



The market value for medical cannabis alone reached over &euro;73 million in 2018, and with the legalization of recreational use, the broader cannabis market&rsquo;s potential is even more promising&#8203;.



The German market <a href="https://thedalesreport.com/cannabis/german-cannabis-market-worth-4-6-billion-annually-according-to-dusseldorf-institute/">is projected to grow significantly</a>, with estimates suggesting it could be worth $4.6 billion annually.&nbsp; The legalization includes the establishment of cannabis clubs where up to 2.4 million euros turnover per club could be seen.



These factors then position Germany as one of those emerging cannabis markets for investors to keep their eyes on. Although a Germany-specific ETF has not yet been launched to cater to this regional demand, both the HMLSF and MJ ETFs give implied exposure through their international coverage, meaning that an investment in both could help lock in the upside from the cannabis market in germany.



On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
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					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
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	The post <a href="https://investorplace.com/2024/04/budding-opportunities-3-emerging-cannabis-markets-to-explore/">Budding Opportunities: 3 Emerging Cannabis Markets to Explore </a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Budding Opportunities: 3 Emerging Cannabis Markets to Explore

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