The pot stock market is dominated by companies that can produce the highest amount of cannabis. Because of this, the majority of the largest marijuana stocks in the world reside in the Canadian pot stock market. This is simply due to the fact that the legislation there is extremely favorable for cannabis-based businesses to succeed.
The U.S. however, has no shortage of pot stocks to watch. Although the substance is illegal on the federal level, it seems as though companies have been able to succeed given the state by state legislative basis. In addition, Canada is also suffering from a massive supply shortage. This means that it could be time for the U.S. to step up and start producing more and more cannabis.
A Multistate Operator Pot Stock
Curaleaf Holdings (CURLF Stock Report) is one of the leaders when it comes to multi-state operators. The company is currently stating that they may see as much as $1 billion in sales by the next two years. Currently, they have as many as 49 dispensaries open in the U.S. This means that they should be working on producing large quantities of cannabis to then sell in their range of retail locations.
The company has also stated that their subsidiary, Cura Partners, should see a massive uptick in their revenue. If all that wasn’t enough, the company also stated that they are purchasing Grassroots, a privately held multi-state operator. The company remains one of the most interesting pot stocks to watch moving into the near future.
An Underground Pot Stock
Green Thumb Industries (GTBIF Stock Report) is another U.S. based pot stock. The company has stated that by the year 2020, they should be seeing around $484 million in sales. This is due to their commitment to opening up new locations in the industry. The company currently has around 32 locations that are open in the U.S. Additionally, they also have as many as 95 retail licenses which means that they have plenty of room for expansion into the near future.
The company’s markets currently reach an estimated 150 million people which is quite substantial. Green Thumb Industries has stated that their goal is expand further into the Nevada market. With that in mind, they could be dealing with some of the largest potential markets in the world for cannabis. For all these reasons, the company is a key pot stock to watch.
As the market continues to grow into the near future, the hopes are that marijuana stocks can see the expectations that they have set. The only issue that still stands in the way in the U.S. is the legislative barriers. The fact is that the majority of Americans believe that cannabis should be legalized. Despite this, the federal government has been slow to respond. Only time will tell how well the market can flourish given the several challenges that are ahead of it. For this reason, pot stocks could continue to see a brighter future.