In the next few years, sector players are predicting that the U.S. marijuana market could expand at an astonishing rate of 20% per year to over $100 billion, a staggering increase from a size of roughly $13 billion in 2019. So far, 15 states and the District of Columbia have legalized recreational cannabis and 36 and D.C. permit medical marijuana. The green wave sweeping the nation shows no sign of subsiding; Federal decriminalization of marijuana may be on the table for the new Biden administration.
Significant opportunities lie ahead for pot growers domesticated in the U.S. and foreign distributers that hope to expand across the nation. Let’s look at three of the top growers to buy now.
CBD oil and cannabis seeds. Image source: Getty Images.
1. Curaleaf
Curaleaf Holdings (OTC:CURLF) is the nation’s largest marijuana grower, with a wide selection of products including cannabidiol (CBD) offerings, pre-rolls, oil extracts, and edibles. Its earnings report for the third quarter, which ended Sept. 30, showed revenue growth of 164% year over year to $193.2 million. And its EBITDA operating income increased more than threefold versus the year-ago quarter, to $42.3 million. Curaleaf also…