My Favorite Cannabis Stock for 2020
Anyone looking to invest in Illinois going legal on January 1, 2020, needs to know about this stock.
GTI owns two cultivation centers in Illinois and five medical cannabis dispensaries.
Those medical cannabis dispensaries put GTI in the perfect position to capitalize on recreational cannabis. Companies that operate medical dispensaries are receiving the first licenses to sell recreational cannabis, and all five of GTI’s medical dispensaries in Illinois have been licensed to sell recreational cannabis.
This early jump into Illinois’s recreational cannabis market gives GTI a big advantage over the competition. Other Illinois cannabis companies will be waiting for months (possibly years) to get a license, while GTI will be selling recreational cannabis on the very first day of the year.
GTI isn’t just a play on Illinois.
This is one of the largest cannabis companies in the U.S. with an impressive portfolio of cannabis assets in 12 other states.
GTI’s portfolio includes:
GTI is focused on cannabis markets with the most growth potential. For example, GTI is heavily concentrated in the Northeast. Cannabis is already legal in Massachusetts and Maine. But even more important, New York and New Jersey are both looking to legalize in 2020.
Once again, GTI is in position to capitalize, with a heavy concentration of cultivation facilities and dispensaries in the region.
GTI has been weak with the broader cannabis sector in 2019. Shares are down about 50% from the 52-week high.
I don’t view that as a sign that the company is underperforming. Expectations have been running red hot in the cannabis sector, and many of these stocks were trading with sky-high valuations.
This recent pullback has helped to normalize valuations. It has also created an opportunity for new investors to enter the market.
Green Thumb is a promising young cannabis company headquartered in Chicago.
It’s an early industry leader, one of the largest cannabis companies in the US and a direct play on Illinois going legal on January 1.
I expect shares to be volatile in the short run. But, in the long run, I believe that Green Thumb is set to prosper from Illinois and the broader US cannabis market with its impressive portfolio of cannabis assets.
This massive potential is why I believe Green Thumb (GTI) will be a standout stock in 2020!
I've shared my favorite cannabis stock for 2020, but I want to share even more with you - like my model portfolio and trade alerts.
Give me two weeks of your time and see how I can help you catch some of the best opportunities in the cannabis sector.
That's just a few minutes each day to read my daily analysis on the hottest cannabis stocks, review my trade alerts, and check out my model portfolio.
Best,
Michael Vodicka
Editor, Cannabis Stock Trades
CannabisStockTrades.com
Results are being delivered and you can see how his picks have done since inception on the website. The service has been worth every penny!
- Bob P.
I am so happy that I decided to subscribed to the Cannabis Stock Trades service. It has been outstanding! I am an experienced stock trader, and I can tell you that Michael Vodicka really knows what he is doing.
- Douglas W.
Thanks for the valuable insight over the last many, many months. I have made a good deal of profit following your recommendations. I am taking my profits off the table for now and waiting for a lower entry point to get back in.
- Richard S.