Companies Every Investor Should Buy Two Companies Every Investor Should Buy Today
Over the next decade in the United States, walking into a dispensary to buy a pack of pre-rolled joints will be just as commonplace as it is right now to go into a liquor store and buy a six-pack of beer.
Curaleaf Holdings Inc. (OTC: CURLF) Chair Boris Jordan knows that, and he has been planning to make sure his company is in the best position to make the most money as the United States is expected to become a $41.5 billion market by 2025.
Curaleaf wants to reach the 93% to 95% of U.S. households that don't currently consume cannabis. To do that, it plans to eventually become just a processor and manufacturer of cannabis products.
That will cut out the cost of grow operations, and it will also allow the company to focus on its branding to stand out from the crowd… while integrating seamlessly with the mainstream: "We're making the products much more mainstream for our customer base – we'll be no different than Coca-Cola or Frito-Lay," Johnson said in an interview with Forbes.
The company already has operations in 23 states with a total of 106 dispensaries, making it the largest multistate operator (MSO) by dispensaries and operational states. That's a good start in reaching the 93% to 95% of U.S. households that aren't currently consuming cannabis.
Even before the MORE Act drops the final domino, Curaleaf will expand even more, both organically and through strategic acquisitions. Curaleaf will make sure it's everywhere that actual and potential customers may be, just like Starbucks or McDonald's. Company executives expect to report $1.2 billion in revenue for 2021, which puts it in the running to be the largest cannabis company by sales in the country.
https://moneymorning.com/2021/06/10/three-famous-cannabis-stocks-to-sell-and-two-to-buy/