CannaRoyalty Corp C.CRZ

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The U.S. cannabis stocks we’ve found have a presence in Illinois and could benefit from the recent legalization of recreational cannabis in that state

 

SmallCapPower | June 4, 2019: On May 31, 2019, after a contentious debate in Springfield, Illinois lawmakers finally approved recreational marijuana legalization. Illinois is now the 11th U.S. state to legalize and regulate adult-use cannabis, and legal use will start in January 1, 2020. With a population of close to 13 million, the Dekkert Hewitt group estimates the Illinois medical and recreational opportunity could potentially represent over US$3B in sales. Today we have discovered four U.S. cannabis stocks that have a presence within Illinois and could benefit from recreational legalization in that state.

*Share prices as at close Friday, May 31, 2019, data obtained from S&P Capital IQ

Cresco Labs Inc. (CSE:CL) – $15.27
Cannabis

Based in Chicago, Cresco Labs is a vertically-integrated cannabis cultivator, manufacturer, and retailer. CL offers its cannabis products in flower, vape pens, and various forms of extracts under the Cresco and Reserve brands. It also sells noncombustible products, which include tinctures, capsules, salves, and transdermal patches under the Remedi brand. Along with Pennsylvania and Florida, Illinois is one of Cresco’s primary sources of revenue. CL owns and operates the maximum five dispensaries allowed by state regulations and has a 27% share of the state’s wholesale market. The legalization would allow CL to obtain another five dispensary licenses, allowing Cresco to continue its growth in its home country.

• Market Cap: $5.1B
• YTD Return: 62.7%
• 90 Day Average Trading Volume: 300,000