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Cannabis boom looks like a "mania"



After a red hot 2018, cannabis containers are fire again to start the year.

<p class = "canvas-atomic text Mb (1.0em) Mb (0) – sm Mt em) – sm" type = "text" content = "Canadian cannabis company Canopy Growth ( CGC ) , for example, up nearly 60% through February, as shares of competitor Aurora Cannabis ( ACB ) have yielded 35% gains over the same stretch. "data-response time =" 1

6 "> Canadian cannabis company Canopy Growth (CGC), for example, is up nearly 60% through February, when shares in competitor Aurora Cannabis (ACB) have added 35% gains over the same stretch. 19659002] The moves higher for such a short time have some investors issued caution, including the "Bond King" DoubleLine Capital CEO and founder Jeffrey Gundlach, who warned investors about the cannabis deal in an exclusive interview with Yahoo Finance on February 13. . DoubleLine monitors $ 121 billion in assets.

"The cannabis thing seems like a craze," Gundlach said. "I have young guys working for me who are great believers in cannabis things, and they claim it's about getting shelf space and branding and being bought out by another big company … But I don't know." [19659004] Canopy Growth, the largest cannabis company after market coverage, reported earnings in Thursday and a 282% jump in net sales in its last quarter. Nevertheless, Gundlach expressed concern that cannabis companies could be overvalued.

"People make a lot of money in some parts of it, but it's just not for me. I have no interest in mania things," Gundlach said. "I don't understand why just because it used to be illegal, so it has that special magic for it."

DoubleLine CEO and founder Jeffrey Gundlach sits down with Yahoo Finance's Julia La Roche for an exclusive interview on February 13, 2019. Source: Yahoo Finance

<p class = "canvas-atom text-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Companies in other so-called" syndical industries "have increasingly tried to tap into that special The magic of increasing slowing growth, for example, the alcohol giant Constellation Brands, which distributes Corona and Modelo beer in the United States, invested $ 4 billion in Canopy Growth last year, Canopy has used some of these to develop and produce cannabis-infused beverages such as are expected to debut in Canada later this year . "data-reactid =" 32 "> Companies in other so-called" bad industries "have increasingly been trying to tap into that special magic to increase growth. For example, alcohol giant Constellation Brands, which distributes Corona and Modelo beer in the US, invested $ 4 billion in Canopy Growth last year. Canopy has used some of these drugs to develop and produce cannabis-infected beverages that are expected to debut in Canada later this year.

& # 39; There is an explosion in smoking & # 39;

<p class = "canvas canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tobacco company Altria, which sells Marlboro cigarettes, also did In December, the company invested $ 1.8 billion in the cannabis company Cronos Group, hoping that the increase in marijuana could help to curb the decline in traditional cigarette sales, while Altria also invested more than $ 12 billion in e-cigarette startup Juul Labs for the same reason . "Data-reactid =" 34 "> Tobacco company Altria, which sells Marlboro cigarettes, also made a great effort in the cannabis room. In December, the company invested $ 1.8 billion in the cannabis company Cronos Group, hoping that the increase in marijuana could help to curb the decline in traditional cigarette sales. Altria also invested more than $ 12 billion in e-cigarette startup Juul Labs for the same reason.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – Juul met by some cannabis companies offering CBD products US Food and Drug Administration review of the fact that more teenagers are increasingly taking up arms . A new study by the Centers for Disease Control and Prevention revealed an increase of 38% of students with tobacco products, including e-cigarettes. " data-response time = "35"> Juul, as some cannabis companies offering CBD products, has been surveyed by the US Food & Drug Administration over the fact that more teenagers are increasingly taking up weapons. A new study by the Center for Disease Control and Prevention revealed an increase of 38% of students with tobacco products, including e-cigarettes.

"There is an explosion in smoking, which I suppose is probably like a gateway to the cannabis industry. So maybe there is something there, but I find it to be an incredibly terrible statistic," says Gundlach. increases 38%. And now, over 50% of high school youths are either smoking, mostly armed, I think, which is probably far worse, far worse than traditional cigarettes. "

<p class =" canvas-atom canvas text Mb (1.0em) Zack Guzman hosts YFi PM ] as well as an older author and journalist covering entrepreneurship, startup and breaking news on Yahoo Finance. Follow him on Twitter @zGuz ] "data-reactid =" 37 "> Zack Guzman is the host of ] YFi PM as well as a senior author and air reporter covering entrepreneurship, startups, and breaking news on Yahoo Finance. Follow him on Twitter @zGuz

<p class = "canvas-atom canvas text Mb (1.0em) Mb) – sm Mt (0.8em) – sm" type = "text" content = " Read more: "data-response =" 38 "> Read more:

<p class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Constellation Brands Constellation Brands Shareholders Get Canopy Growth Almost For "Free": Canopy CEO

<p class = "Canvas Canvas Text", "Canopy CEO "data-response time =" 39 "Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Exclusive: Canopy Growth to Invest Up to $ 500 Million in US Hope Production "Data React =" 40 "> Exclusive: Canopy Growth to Invest Up to $ 500 Million in US Hope Production

<p class = "canvas component textile Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm" type = "text" content = " One of the largest CBD company's CEO backs back a start of a hampplast "data-reactid =" 41 "> One of the largest CBD company's chief executives backs a beginning of hampplast


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