Haywood SecuritiesUnable to post the entire article so here's the link. GTII is one of the two recommended companies. GLTA
https://www.adviceforinvestors.com/news/canadian-stocks/2-recreational-pot-stocks-to-buy/#gsc.tab=0
2 recreational pot stocks to buy
Haywood Securities analyst Neal Gilmer picks two US-based marijuana stocks to buy for their pent-up recreational demand.
Toronto-based equity analyst Neal Gilmer observes that although the United States Controlled Substances Act continues to classify cannabis as a Schedule 1 controlled substance (the most restrictive category of drug), “There is growing momentum across the US on the acceptance of cannabis, particularly for medical use, and competing factors with a high level of bipartisan support for cannabis, no federal funding for enforcement and laws that protect existing medical markets.”
Mr. Gilmer is responsible for special situations research at Haywood Securities. Accordingly, he leads its coverage of US and Canadian marijuana stocks. His beat also leads him to companies in such realms as e-sports.
Initiating coverage of the US cannabis stocks in May 2019, the analyst had recommended that investors look there instead of in Canada for portfolio additions given the yawning gap between valuations of marijuana stocks operating south of 49 degrees and those operating north of it.
Mr. Gilmer conceded then that this was the natural result of marijuana’s still-illegal status in the United States, but added, “We believe this disparity should narrow over time.”
The analyst also noted that “certain key, highly populated, states” that had already approved medical marijuana were considering legal frameworks for adult recreational use, including Illinois, New Jersey, Arizona, and New York.
“All of this leads us to state the obvious, which is that we remain in the early stages of the overall cannabis opportunity in the US,” he said in May 2019.
Marijuana legalization expanding in the USA
The analyst’s thesis appears to be playing out. Since then, Illinois legalized recreational marijuana use on Jan. 1 of this year, and both New Jersey and Arizona (along with South Dakota and Montana) voted for legalization on election day, Nov. 3. Bringing up the rear, in a Nov. 5 interview with public radio station WAMC, New York Gov. Andrew Cuomo said that he continued to support fully legalizing adult use, and that 2021 was “ripe” for the changeover to go ahead.