Stocks that hold the potential to generate fortunes tend to have at least a couple of qualities in common. They’re usually small, with market caps below $10 billion. They also nearly always do business in a fast-growing market that’s in its early stages.
The U.S. cannabis market is just such a market. There are quite a few stocks in this market that could make you a lot of money. Here are three cannabis stocks that could even be millionaire makers over the long run.
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1. Cresco Labs
Cresco Labs (OTC:CRLBF) ranks as one of the leading multistate cannabis operators in the U.S. The company currently has operations in nine states, including retail cannabis stores and a large wholesale cannabis business in California. Even though Cresco’s shares have soared nearly 50% year to date, its market cap remains relatively low at close to $3.5 billion.
There are several reasons why Cresco could grow much larger. The company operates in several fast-growing cannabis markets, including its home state of Illinois. Six of the states where it does business are still in their infancy and have annualized run rates greater than $1 billion. Even the more mature California market has…
