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3 American Cannabis Stocks That Could Double By StockNews


© Reuters. 3 American Cannabis Stocks That Could Double

Cannabis’ reputed health benefits, along with an increasing push for its legalization in the U.S. at the federal level, are garnering the cannabis industry significant investor attention. We believe it would be prudent to invest in financially sound cannabis stocks Curaleaf Holdings, Turalieve Cannabis and Ay Wellness. Let’s discuss these names.The cannabis industry’s changing legal landscape in the United States and the growing awareness surrounding the medicinal benefits of marijuana have created a favorable backdrop for companies operating in this space. Because cannabis-based medicines are now being widely recognized as viable treatment options for people suffering from chronic pain or seizures, the industry’s sales are expected to increase this year and beyond.

By 2028, the market for cannabis will be worth $70.6 billion. This is a 26.7% annual growth rate. With more states legalizing the use and sale of recreational marijuana, cannabis producers’ addressable market continues to grow. In addition, cannabis’ potential decriminalization at the federal level could be a massive opportunity for industry players because it would afford them access to some of the world’s largest investors.

This backdrop means that we believe fundamentally sound cannabis stocks Curaleaf Holdings Inc.(CURLF), Turalieve Cannabis Corp.. (TCNNF), Ayr Wellness Inc.. (AYRWF), are well-positioned for the industry’s tailwinds to gain significant value in the immediate term.

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