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After struggling in the second half of 2020, cannabis stocks are off to a hot start in 2020. For example Canopy Growth Corp (WEED, CGC) is up 25% in 2020 and up 65% from the 52-week low in late November.
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It’s been a tough year for cannabis stocks. However I am seeing some important signals that tell me the worst is over and that cannabis stocks are ready to resume the long-term trend higher in 2020.