Amidst the growing support for marijuana legalization, the landscape of the cannabis industry is set to undergo significant shifts. With forecasts revealing the potential for marijuana revenues to reach $60 billion this year, investors are keen on exploring opportunities within this burgeoning market. The 2024 election also holds promise, with several states intending to include marijuana legalization on their ballots. This impending tide of legalization, combined with potential federal relaxations, could render early positions in the cannabis industry incredibly lucrative.
Tilray Brands (TLRY)
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Tilray Brands (NASDAQ:TLRY) is known for its ventures in the alcoholic beverage industry and provides an affordable entry into the world of cannabis stocks. The company’s critical strength lies in its extensive diversification across the medical and recreational cannabis sectors, alongside its involvement in distilling and brewing brands.
Verano Holdings (VRNOF)
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Verano Holdings (OTCMKTS:VRNOF) has established itself as one of the most agile offerings in the cannabis industry by vertically integrating almost every aspect of its production. Operating across 13 U.S. states with 14 production facilities, the company has honed a widespread approach to leverage the ever-changing nature of marijuana laws.
Green Thumb Industries (GTBIF)
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Green Thumb Industries (OTCMKTS:GTBIF) stands as one of the largest multi-state cannabis operators in the United States, with over 80 retail locations across 15 states and 18 production facilities. Notably, the company has been consistently profitable since 2020, exhibiting a stable business model amidst the uncertain legal landscape.
