Top U.S. Marijuana Stocks to Watch in February 2026
The U.S. cannabis sector enters February 2026 in a period of transition. After years of volatility, the industry is becoming more disciplined. Many operators are now prioritizing profitability instead of rapid expansion. As a result, stronger companies are beginning to separate from weaker competitors.
Meanwhile, state-level legalization continues expanding across the country. Existing markets are also becoming more efficient and competitive. Consumer demand remains steady despite broader economic uncertainty. Therefore, investors are focusing on companies with scale, strong brands, and operational efficiency.
Although federal reform remains uncertain, optimism continues to build. Incremental policy changes could still benefit leading operators. Consequently, well-capitalized multi-state operators remain attractive long-term opportunities. Among them, three companies stand out heading into February 2026.
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U.S. Marijuana Stocks Positioned for the Next Phase of Growth
- Green Thumb Industries (OTC: GTBIF)
- Curaleaf Holdings (OTC: CURLF)
- Verano Holdings (OTC: VRNOF)
Green Thumb Industries (GTBIF)
Green Thumb Industries is one of the most disciplined cannabis operators in the United States. The company is headquartered in Chicago and operates across several key cannabis markets. Its business model combines retail operations with branded wholesale distribution. This balance provides diversification and stability across revenue streams.
Green Thumb operates dozens of retail dispensaries under the Rise brand. Its largest presence spans Illinois, Pennsylvania, Florida, New Jersey, and Nevada. Additionally, its consumer packaged goods brands are sold through third-party dispensaries nationwide. Popular brands include RYTHM, Beboe, Dogwalkers, and Good Green. As a result, the company maintains strong brand recognition across multiple states.
Furthermore, Green Thumb focuses on operational efficiency rather than aggressive expansion. This strategy has helped preserve margins during industry downturns. Its selective store openings reflect a disciplined approach to growth. Consequently, GTBIF is often viewed as one of the most conservatively managed operators in the sector.
From a financial perspective, Green Thumb continues demonstrating resilience. Revenue growth has remained steady despite pricing pressure across mature markets. More importantly, the company has shown improving profitability trends. Cost controls and operational discipline have supported stronger margins.
Additionally, Green Thumb maintains a solid balance sheet compared to many peers. Cash flow management has allowed continued reinvestment into core markets. While industry headwinds persist, GTBIF’s financial stability remains a key strength. As regulatory conditions evolve, the company appears well-positioned for long-term growth.
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Curaleaf Holdings (CURLF)
Curaleaf Holdings is one of the largest cannabis companies operating in the United States. Headquartered in Connecticut, the company maintains a national footprint across numerous regulated markets. Curaleaf operates both medical and adult-use cannabis businesses. This dual exposure supports revenue diversification across states.
The company operates over one hundred dispensaries nationwide. Its largest presence includes Florida, New York, New Jersey, Illinois, Arizona, and Massachusetts. In addition, Curaleaf controls multiple cultivation and processing facilities. This vertical integration strengthens supply chain reliability and cost management.
Curaleaf also owns several well-known cannabis brands. These include Curaleaf, Select, and Grassroots. Through these brands, the company reaches both retail customers and wholesale partners. As a result, Curaleaf benefits from strong brand penetration in competitive markets.
Financially, Curaleaf remains one of the highest-revenue operators in the sector. While margins have faced pressure, the company continues generating significant top-line revenue. Recent restructuring efforts have improved operational efficiency. Exiting underperforming markets has allowed management to focus on profitability.
Moreover, Curaleaf has emphasized balance sheet improvements. Debt management and capital optimization remain ongoing priorities. These steps aim to strengthen long-term financial flexibility. Although regulatory uncertainty persists, Curaleaf’s scale provides strategic advantages.
Looking ahead, Curaleaf’s national footprint remains a major asset. As markets mature, scale and efficiency may drive future profitability. For investors, CURLF remains a core large-cap cannabis operator to monitor closely.
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Verano Holdings (VRNOF)
Verano Holdings has emerged as a major vertically integrated cannabis operator in the United States. The company operates across multiple regulated markets with a strong retail focus. Verano’s portfolio includes cultivation, processing, distribution, and retail operations.
The company operates more than 160 dispensaries nationwide. Its largest concentration is in Florida, where it operates over 80 MÜV locations. Beyond Florida, Verano has a presence in states such as Illinois, New Jersey, Arizona, and Pennsylvania. This geographic diversification supports consistent revenue generation.
Verano’s retail brands include MÜV, Zen Leaf, Savvy, and Encore. These brands serve both medical and adult-use customers. Additionally, the company supports its retail network with large-scale cultivation facilities. This infrastructure provides control over production quality and supply.
From a financial standpoint, Verano continues focusing on operational improvements. Revenue growth has remained supported by retail expansion and brand development. Meanwhile, management has prioritized efficiency and margin stabilization. These efforts aim to strengthen profitability over time.
Although the cannabis market remains competitive, Verano’s vertical integration offers advantages. Cost control and product consistency remain key benefits. As Florida continues evolving as a major cannabis market, Verano’s exposure could remain significant.
Overall, VRNOF remains a closely watched operator entering February 2026. Its retail footprint and operational scale support long-term growth potential. For investors, Verano represents a blend of expansion opportunity and operational discipline.
Final Thoughts
As February 2026 approaches, the cannabis sector remains volatile but selective. Companies with scale, discipline, and strong brands continue standing out. Green Thumb, Curaleaf, and Verano each offer unique strengths. For long-term investors, focusing on proven operators may provide the best risk-adjusted opportunity.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
