U.S. Cannabis Legalization 2020

Marijuana Stocks and Federal Marijuana Legalization

In general marijuana stocks have had continuous momentum in December adding to the massive rally the cannabis sector had in November. Because of these continued gains many investors are looking for the right cannabis stock to invest in. But with so many different choices how do you find the right pot stocks for your portfolio? Recently cannabis stocks like Planet 13 Holdings (PLNHF Stock Report) continue to see gains in the market and have demonstrated strong financials in recent reporting. At the present time, most vertically integrated companies are giving investors the best returns in the market. This is partly due to increased enthusiasm in the federal reform of cannabis in the U.S. Although the cannabis industry has already grown substantially at the state level, the MORE Act would increase growth for 2021.

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Presently the MORE Act is expected to go to the House floor for a vote on Friday. Unfortunately, the bill will still need to pass through the Senate and that could be an issue with the conservative body leading that branch. Although cannabis has been widely accepted across the U.S. with legalization in 35 states and D.C. some analysts believe the MORE Act may not get passed this time around. But if the Senate decides to follow the lead of the U.N. which passed the WHO’s recommendation to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs things could start looking promising.

Marijuana Stocks Continue To Show Gains In 2020

U.S. marijuana stocks in 2020 performed well for investors in the market. In reality, the sector has shown the growth possibilities the American cannabis industry can have with top pot stocks in 2021. While leading companies like GrowGeneration Corp. (GRWG Stock Report) continue expanding their hydroponic and gardening stores across the states the company is reporting record revenue on its latest financials. In essence companies like GrowGen have had a breakout 2020 year and GRWG stock has climbed about 700% year to date. As future growth in the U.S. has the potential to increase as states pass new laws, the next few years can have exponential growth for cannabis. Because of this many investors are looking for the best cannabis stock to buy now for 2021. For this reason, we want to end this trading week with the 5 best U.S. marijuana stocks to buy in 2020.

Top 5 U.S Pot Stocks In 2020 #1:  Green Thumb Industries Inc.

Green Thumb Industries Inc. (GTBIF Stock Report) is a leading national cannabis consumer packaged goods company and owner of Rise and Essence retail stores. Currently, the company has 50 operating dispensaries across 13 U.S. markets. In fact, Green Thumb has one of the largest market caps at almost $4.5 billion at the present time.  Recently the company reported revenue of $157.1 million and an increase of 131% year over year. In general, this shows the amount of growth the company has managed to produce even in a pandemic year. Provided that the market continues its current trend GTBIF stock could continue to see gains for 2021.GTBIF

Top 5 U.S Pot Stocks In 2020 #2:  Curaleaf Holdings, Inc.

Curaleaf Holdings, Inc. (CURLF Stock Report) is currently the largest MSO in the U.S. with a market cap of $7.686 billion. The company is a leading provider of consumer cannabis products with 96 operating dispensaries across 23 states. Recently the company posted a record 3rd quarter revenue of $419.6 million year to date. In addition, the company is showing 3rd quarter managed revenue of $193.2 million an increase of 164% year over year. In reality, the company has some of the highest revenue growth of all U.S. MSO marijuana companies in 2020. For this reason, CURL stock is a U.S. cannabis stock to watch in 2021.marijuana stocks to watch Curaleaf Holdings (CURLF) (CURA)

Top 5 U.S Pot Stocks In 2020 #3:  Trulieve Cannabis Corp.

Trulieve Cannabis Corp. (TCNNF Stock Report) is a U.S. based leading medical cannabis company that focused the company’s growth in the state of Florida. In fact, the company currently has over 50% of the market share in the state with 66 operating dispensaries. In addition, the company has begun to expand into other U.S. markets like California, Massachusetts, Connecticut, and Pennsylvania. Currently, Trulieve has a market cap of $3.47 billion and has continued to perform well for its investors. In its 3rd quarter report, Trulieve achieved record revenue of $136.3 million an increase of 13% sequentially. As the company now commences to grow across the U.S. TCNNF stock is a top pot stock for your 2021 watchlist.TCNNF pot stock

Top 5 U.S Pot Stocks In 2020 #4:  Cresco Labs Inc.

Cresco Labs Inc. (CRLBF Stock Report) is one of the largest vertically integrated MSOs in the U.S. Currently, the company has 19 operating dispensaries across 9 states and a market cap of $2.207 billion at the present time. Recently the company launched the newest brand to add to its large portfolio of U.S national cannabis brands. Recently Cresco reported 3rd quarter record revenue of $153.3 million an increase of 63% quarter over quarter. Asa matter of fact this is the 3rd consecutive quarter with over 40% revenue growth. For this reason, CRLBF stock is the top pot stock to invest in for 2021.Crespo Labs

Top 5 U.S Pot Stocks In 2020 #5:  Harvest Health & Recreation Inc.

Harvest Health & Recreation Inc. (HRVSF Stock Report) is a vertically integrated cannabis company and multi-state-operator in the U.S. The company currently has a market cap of $750.859 million and has grown substantially in the latter part of 2020. Recently the company announced 3rd quarter revenue of $61.6 million up 86% year over year. In fact, the company increased its target revenue for the year to$225 million from $215-220 million. At the present time Harvest owns and operates 37 retail locations in the U.S. that include 15 in the state of Arizona. HRVSF stock continues to show gains in December and could be one of the fastest-growing companies for 2021. For this reason, HRVSF stock is one of the best marijuana stocks for your 2021 watchlist.Harvest Pot stock

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