3 Reasons To Buy Curaleaf Stock Now
Curaleaf Holdings (OTC: CURLF) has had a good year, and it's likely to get better once November rolls around. Shares of the Massachusetts cannabis company are up more than 41% year to date, and Curaleaf posted record revenues last quarter.
The company has 93 retail stores throughout 23 states and claims to be the biggest cannabis company in the U.S. by revenue. It's well-situated in a licit market that is expected to grow at a compound annual growth rate (CAGR) of 14%, reaching $30 billion by 2025, according to New Frontier Data. Worldwide sales of cannabis are also expected to skyrocket to $47 billion by 2025, as reported by San Francisco cannabis investment firm Arcview Research.
Here are three reasons why I think Curaleaf is still a good buy right now, even when taking into account its stock price's rise this year:
Source Fool.com
