The upcoming year could be especially fruitful for U.S. marijuana stocks. Though rumors persist about a possible federal legalization with President-elect Joe Biden in the White House, I believe state-level legalizations and organic growth within legalized states provide more than enough opportunity for high-powered growth stocks like small-cap Jushi Holdings (OTC:JUSHF) to shine.
Arguably the biggest differentiator between most vertically integrated multistate operators and Jushi is the company's focus on the limited license legalized states of Pennsylvania, Virginia, and Illinois. Limited license states either cap the number of total licenses they'll issue to retailers, or they grant licenses to cover certain jurisdictions or territories.
Either way, the point of targeting limited license states is to have the ability to build up Jushi's brand with minimal competition. The company expects $182 million to $215 million of its $205 million to $255 million in sales forecast for 2021 will be derived from its big three limited license states.
Something else that stands out about Jushi is its management team. Generally, when executives and insiders have a lot of skin in the game (i.e., own a lot of outstanding stock or have a large vested interest in their underlying company's success), it bodes well for a company's future. Out of the roughly $250 million in capital that Jushi has raised since inception, approximately $45 million has come from insiders and executives.
Jushi currently has 13 operational dispensaries, but holds enough licenses to expand its retail count to more than two dozen stores. With an opportunity to nearly triple its sales in 2021, it has the look of a budding growth stock that can leave bitcoin eating its dust.
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