This Newly Public Cannabis Stock Could Rise to the Top
Most cannabis investors likely know of the big multi-state operators (MSOs), including Trulieve Cannabis, Cresco Labs, and Green Thumb Industries. As some of the biggest names in the industry, they could be among the big winners if and when marijuana legalization finally takes place in the U.S. at the federal level. Many of these stocks have already generated significant returns, however, and for investors looking for the next big investment in the sector, it could be a good time to look at some lesser-known companies.
One stock in particular that investors should be careful not to overlook is Verano Holdings (OTC: VRNO.F). The Chicago-based, vertically integrated marijuana producer sells premium cannabis products under multiple brand names. It is active in 14 states across the country and has 832,000 square feet of cultivation space, plus it operates more than 80 retail locations. Verano has quietly been generating some impressive results of late, and its top line is already creeping up close to that of some of the big MSOs. With a market cap of $1.4 billion, it's still relatively small, but it could become much bigger in the future. Here's why buying this pot stock today could be a great move.
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Source Fool.com
