There was a sense of euphoria among many cannabis investors after Democrats regained effective control of the U.S. Senate as well as the White House. The countdown seemed to be on until major cannabis reforms were passed at the federal level. However, there haven’t been any truly meaningful wins at the legislative level so far.
That doesn’t mean that cannabis companies haven’t made significant progress over the last few months, though. Some of them are arguably even more attractive than they were after Election Day. Here are three top marijuana stocks to buy right now.
Image source: Getty Images.
Trulieve Cannabis
It wasn’t all that long ago that Trulieve Cannabis (OTC:TCNNF) was essentially a one-state cannabis operator. Granted, the company absolutely dominated the medical cannabis market in that one state — Florida. And, sure, Trulieve had taken steps to expand into other markets. However, there were some valid reasons to be skeptical about the company’s ability to replicate its success beyond Florida.
That’s no longer the case. Earlier this month, Trulieve announced plans to acquire Harvest Health & Recreation (OTC:HRVSF) in an all-stock transaction valued at $2.1 billion. This deal will add operations in five additional states for Trulieve, including the fast-growing markets in Arizona and Nevada.
The acquisition is expected to close in the third quarter of 2021. Assuming there are no roadblocks, Trulieve should soon…
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There was a sense of euphoria among many cannabis investors after Democrats regained effective control of the U.S. Senate as well as the White House. The countdown seemed to be on until major cannabis reforms were passed at the federal level. However, there haven’t been any truly meaningful wins at the legislative level so far.
That doesn’t mean that cannabis companies haven’t made significant progress over the last few months, though. Some of them are arguably even more attractive than they were after Election Day. Here are three top marijuana stocks to buy right now.
Image source: Getty Images.
Trulieve Cannabis
It wasn’t all that long ago that Trulieve Cannabis (OTC:TCNNF) was essentially a one-state cannabis operator. Granted, the company absolutely dominated the medical cannabis market in that one state — Florida. And, sure, Trulieve had taken steps to expand into other markets. However, there were some valid reasons to be skeptical about the company’s ability to replicate its success beyond Florida.
That’s no longer the case. Earlier this month, Trulieve announced plans to acquire Harvest Health & Recreation (OTC:HRVSF) in an all-stock transaction valued at $2.1 billion. This deal will add operations in five additional states for Trulieve, including the fast-growing markets in Arizona and Nevada.
The acquisition is expected to close in the third quarter of 2021. Assuming there are no roadblocks, Trulieve should soon…
