Where Will Trulieve Cannabis Be in 10 Years?
The cannabis industry is evolving as more states gradually legalize marijuana, either for medical or recreational use, and there's a long runway for growth ahead. Additionally, with marijuana legalization at the federal level a distinct possibility, you may not want to regret why you didn't invest in some exciting pot stocks ahead of the industry's growth curve. An outstanding option to take advantage of that growth right now is Trulieve Cannabis (OTC: TCNNF).
The Florida-based medical cannabis company started operations by focusing only on its home state, while most competitors chose to expand via the acquisitions route. But this strategy ensured that Trulieve would eventually end up as one of the top contenders in the cannabis space. In fact, when the company eventually acquired the Arizona-based Harvest Health & Recreation, it turned out to be the largest U.S. cannabis transaction, and created a highly profitable multi-state operator (MSO) in the country. At the given rate of Trulieve's growth, I see a very bright future. Let's take a look at how it has done so far this year and what we can expect 10 years down the line.
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Source Fool.com
