These cannabis stocks are a bargain at less than $50

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Three cannabis company stocks can be purchased for less money, but give great returns

Unfortunately, some stock prices are very high today, and this causes investors to feel discouraged. Situations like this tend not to be good news, because in the market you can find stocks with a great future, but their prices are out of reach. Still, not all the news is negative, and most cannabis stocks will deliver solid returns over time. Just because some of these stocks are priced affordably, this doesn’t mean they don’t offer huge growth prospects and solid track records. Such is the case with Green Thumb Industries, Jushi Holdings, and Trulieve Cannabis.

In the case of Green Thumb, an investor only requires at least $30 to buy a share of the company’s stock. Its growth has reflected 20% year-to-date, and, over the past 12 months, it has nearly tripled. Green Thumb’s underlying strength is a clear reason why the stock has performed strongly over the past few months. Its products are sold in 12 states with retail stores in 11 of those markets, meaning it has a very favorable reach and is expected to expand into Virginia soon.

One stock currently trading below $6 is Jushi Holdings. Even though Jushi has not shown great performance with the stock, over the past 12 months, the marijuana stock has nearly quintupled. This simply indicates that an investment in this company could make you quite a bit of money in the long run. During the first quarter of this year, the company reported revenues of $41.7 million, an increase of 29% compared to the same period in 2020.

And finally, there is Trulieve. If you plan to invest here, you need to pay $40 per share, which has gained 20% growth during 2021, while tripling in the last 12 months. Its large presence in Florida has brought it great profits. The company currently operates 82 dispensaries in the Sunshine State and its market share is almost 50%.