The U.S. cannabis stocks on our list are considered some of the best of the weed names in the market
SmallCapPower | August 23, 2022: Demand for legal cannabis by consumers continues to increase in the U.S. even as legalization efforts at the federal level are taking longer than most expected. New Frontier Data, in fact, forecasts U.S. cannabis sales will hit $57 billion annually by 2030. Today we have ploughed through and weeded out three Canada-listed U.S. cannabis stocks that we expect will lead the sector’s recovery.
*Share price data and other metrics as of August 19, 2022
Curaleaf Holdings (CSE:CURA) – $7.70
Cannabis
Curaleaf provides industry-leading service, product selection and accessibility across the medical and adult-use markets. In the United States, Curaleaf currently operates in 22 states with 136 dispensaries, 26 cultivation sites, and employs over 5,700 team members. Curaleaf International is the largest vertically integrated cannabis company in Europe with a unique supply and distribution network throughout the European market, bringing together pioneering science and research with cutting-edge cultivation, extraction and production.
- Market Cap: $5.4B
- 30-Day Return: +3%
- 1-Year Return: -47%
Trulieve Cannabis Corp. (CSE:TRUL) – $16.67
Cannabis
Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S. operating in 11 states, with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy.
- Market Cap: $3B
- 30-Day Return: +2%
- 1-Year Return: -50%
Green Thumb Industries Inc. (CSE:GTII) – $14.25
Cannabis
Green Thumb Industries manufactures and distributes a portfolio of branded cannabis products including Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles and RYTHM. The Company also owns and operates rapidly-growing national retail cannabis stores called RISE. Headquartered in Chicago, Illinois, Green Thumb has 17 manufacturing facilities, 77 open retail locations and operations across 15 U.S. markets.
- Market Cap: $3.4B
- 30-Day Return: +14%
- 1-Year Return: -61%
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