When it comes to playing the cannabis space, many investors tend to prefer going directly to the cannabis firms in general. This is not the only way to buy into the industry though. One way, which serves to ride the market trend higher while avoiding the pitfalls of the space like industry oversupply and periodic poor pricing, is to buy a servicer. A great example here happens to be GrowGeneration (GRWG). As opposed to pure-play cannabis firms, GrowGeneration focuses on buying and opening retail establishments that sell products that cater to the industry. At this moment, shares of the firm look pricey, but the high growth rate being experienced by the business could make it a decent long-term prospect for investors to consider.
A deeper look at GrowGeneration
At its core, GrowGeneration focuses on building, buying, and running retail establishments that sell products that are vital to cannabis growers, both commercially and recreationally. 60% of 2020’s sales, for instance, are…
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