Is Trulieve Stock a Buy?
November has been a big month for the cannabis industry. Voters in four states -- South Dakota, Montana, New Jersey, and Arizona -- elected to legalize marijuana and brought the total count of states where recreational use of pot states is legal to 15 plus D.C. On the same day, South Dakota and Mississippi passed ballot initiatives for medical marijuana, so there are now 36 states where patients can use cannabis for medical purposes.
The industry is getting bigger. And that means multistate operators will have more markets to penetrate and new opportunities to grow their sales. One cannabis stock that I'll look at today is Trulieve Cannabis (OTC: TCNNF). Is the Florida-based medical marijuana producer a good buy as it continues to expand its presence into more states across the country?
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Source Fool.com
