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Oleksandr Pylypenko

Better Buy for 2022: Sundial vs. Canopy Growth

Canopy Growth Sundial SNDL CGC Sundial Growers

The cannabis market continues to be highly volatile due to investors' concerns about growing competition and negative margins. The ETFMG Alternative Harvest ETF (MJ) returned to its January highs of about $11.40 in mid-March, but has since given back those gains since then, sinking 18% year-to-date (YTD).

However, the increasing worldwide cannabis legalization pace should enable the global cannabis market to grow at a CAGR rate of 32.04% between 2021 and 2028 to hit $197.74 billion in the terminal year, Fortune Business Insights reports.

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