Three cannabis brands make strong targets for investment portfolios of any size
More states are legalizing marijuana in both the recreational and medical markets. This has clearly caused the industry’s stocks to rise over the past few years. With forecasts indicating an ever-growing sector, investors are eager to look for the most feasible options. Having a diversified portfolio is one of the main objectives at the moment, and owning a couple of marijuana stocks is still a pretty smart bet.
One of the first to look at is Curaleaf Holdings. Put simply, this company is known as an international supplier of marijuana consumer products. At the US level, the firm has a presence in over 20 states, with a total of 26 cultivation sites and 142 dispensaries. As if that wasn’t enough, it is the largest vertically integrated cannabis company in Europe.
Then there is Cresco Labs, a major player in the US market. In fact, it is one of the largest vertically integrated multi-state cannabis operators in the country. The company is the largest wholesaler of marijuana products in the US, and that has made it one of the most recognized brands among quality-seeking consumers.
And finally, there is Trulieve Cannabis, a company that operates in different states of the country and seems to be growing steadily. The marijuana company has established centers in the northeast, southeast and southwest. It has major operations in key markets such as Arizona, Florida and Pennsylvania.
The good thing about all these stocks is that they represent an affordable opportunity for investors who don’t want to take a big risk. Still, that doesn’t mean the companies have great potential going into the new month.