SNDL Stock Poised for Further Upside in 2026 Amid Policy Tailwinds

SNDL stock gained 12% on Dec. 16 after reports of potential policy changes that could offer seniors access to cannabis products under Medicare coverage. The firm is acquiring 32 cannabis retail stores in Canada, expanding its retail footprint and boosting revenue. SNDL has a price-sales multiple of less than 1x, making it an inexpensive name to play the cannabis industry's long-term potential. Analysts predict SNDL could more than double from here next year.