Wells Fargo’s (NYSE:WFC) analyst Chris Carey initiated coverage of four stocks in the cannabis space in his latest analyst note. The cannabis stocks on Carey’s radar include Canopy Growth (NASDAQ:CGC), Scotts Miracle-Gro Co. (NYSE:SMG), Hydrofarm Holdings Group Inc. (NASDAQ:HYFM) and GrowGeneration Corp. (NASDAQ:GRWG).
Scotts Miracle-Gro, which produces consumer lawn, garden and pest control products also utilized in the marijuana space, owns the Hawthorne line of hydroponic equipment for growing cannabis. Miracle-Gro received “the most bullish comments in a sign of Wall Street’s growing interest in the sector,” wrote MarketWatch.
