3 Pot Stocks That Could Soar as States Eye Marijuana Legalization [The Motley Fool]
Scotts Miracle-Gro Company (The) (SMG)
Last scotts miracle-gro company (the) earnings: 1/29 07:00 am
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Source: The Motley Fool
Marijuana investors have seen a massive erosion of wealth over the past 2 months. Companies in the cannabis sector were expected to consolidate sales in a high-growth market in 209; instead, they were affected by lower-than-expected growth, high inventory levels, regulatory issues, health concerns arising from the use of vaping products, and more.Marijuana for recreational use was legalized in Canada in October 208, but in the U.S., cannabis consumption is still illegal at the federal level. The ongoing relaxation of U.S. marijuana laws will no doubt benefit the entire cannabis industry, as several vertically integrated multi-state operators will pounce on the opportunity to drive sales and expand market share.Legalization efforts should resume after the COVID-9 threat subsides and governments can refocus on other economic priorities. As of April 4, marijuana is fully legal in 2 states in the U.S.; according toFool contributorHere's a look at three cannabis stocks that are well poised
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SMG
News
- Scotts Miracle-Gro's Q4 Earnings Miss Estimates, Sales Beat [Yahoo! Finance]Yahoo! Finance
- The most popular pasta dish in every state, according to Yelp reviews [Business Insider]Business Insider
- Results: The Scotts Miracle-Gro Company Delivered A Surprise Loss And Now Analysts Have New Forecasts [Yahoo! Finance]Yahoo! Finance
- The Scotts Miracle-Gro Company (NYSE: SMG) had its price target lowered by analysts at Truist Financial Co. from $90.00 to $70.00. They now have a "hold" rating on the stock.MarketBeat
- Estimating The Intrinsic Value Of The Scotts Miracle-Gro Company (NYSE:SMG) [Yahoo! Finance]Yahoo! Finance
SMG
Earnings
- 11/6/24 - Miss
SMG
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- SMG's page on the SEC website