Marijuana Stock: As Biden prepares to come into office we should see the decriminalization of cannabis at the federal level and state-wide legalization.
With several states already legalizing cannabis and operations of growing and selling increase keep an eye on Marijuana stocks like Greenthumb industries (OTCM: GTBIF).
Headquarters being in Chicago IL, it is a US-based company that has over 40 retail stores across Connecticut, Florida, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Ohio, and Pennsylvania.
It has 13 manufacturing facilities and licenses for 96 retailers across a dozen states.
Green thumb is growing green, in a billion-dollar industry. Their sales of edibles, vapes, pre-rolls, creams, and oils, their quarterly revenue has doubled year over year. They have great potential to become even greater.
Looking at their stocks, they have almost tripled in the past year. It will be definitely a company to watch as the new president comes into office and as they legalize Marijuana. Marijuana stock has a big potential in the future.
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