Cannabis and Hemp Sector Ideas

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Green Thumb Industries (GTBIF) - >>> 5 Stocks to Buy With $100 During a Market Sell-Off


Fortunes are made by putting your money to work during periods of panic.


Motley Fool

by Sean Williams

Oct 30, 2020


https://www.fool.com/investing/2020/10/30/5-stocks-to-buy-with-100-during-a-market-sell-off/


Green Thumb Industries

For a handful of U.S. marijuana stocks, it really doesn't matter what happens with the election next week. An abundance of state-level legalizations, along with the federal government taking a hands-off approach to cannabis regulation, means Green Thumb Industries (OTC:GTBIF) can show investors the green.

Among major multistate operators, Green Thumb has the third-most-open dispensaries (just over four dozen). However, it holds 96 total retail licenses in a dozen states, suggesting that Green Thumb can deliver substantial organic and inorganic growth in the years to come.

In particular, Green Thumb has acquired its way into the tourist-heavy Nevada market, which by 2024 could lead the nation in cannabis spending per capita. It also has a growing presence in Illinois, which is a limited-license state that opened its door to adult-use weed sales on Jan. 1, 2020.

Perhaps best of all, Green Thumb generates close to two-thirds of its revenue from derivatives (e.g., vapes, beverages, topicals, concentrates, and edibles). Derivatives yield much juicier margins than dried flower, which should give Green Thumb more bang for each revenue buck.

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