Trulieve Stock in 2022: Skyrocket or Crash?
One of the most frustrating trades of 2021 was in U.S. cannabis stocks. After riding a wave of enthusiasm early in the year on the back of a Democratic electoral victory and hopes for federal legalization, Congress became bogged down in other priorities. While there is bipartisan support for cannabis reform, some lawmakers want to go further than others who want only incremental measures. So of course, nothing got done.
Cannabis stocks sank in response. But amid lower stock prices, could now be the time to hop on the U.S. cannabis train? One of the best and most profitable U.S. multistate operators is Trulieve Cannabis (OTC: TCNNF), which was up more than 60% by January and February in 2021, before falling with the sector to finish the year down 17.7%.
After the fall, shares are basically back where they were shortly after the 2020 election. So does this mark a bottom? And where will Trulieve go in 2022?
Source Fool.com
