Massachusetts’ Cannabis Sales on Fire – Cash in with this Early Leader

Illinois isn’t the only US cannabis market that’s on fire.

Massachusetts is another state that cannabis investors need to watch closely.

This state legalized medical cannabis in 2012. Recreational cannabis followed at the end of 2018, and sales have been booming for the last 12 months.

Massachusetts is quickly growing into one of the largest cannabis markets in the US and the capital of the Northeast cannabis market.

Here are some more details from MJBizdaily.com.

“From August through October, recreational sales in Massachusetts averaged nearly $46 million per month, putting the state on pace to reach $420 million-$430 million in sales for calendar year 2019.

By 2021, adult-use sales in Massachusetts could eclipse $1 billion.

Currently, only 36 recreational retailers are open in the state – with none in Boston, the largest city in Massachusetts – making the $400 million sales figure even more impressive when compared to other adult-use markets in the United States.”

Massachusetts’ impressive sales numbers were driven by 36 stores, none of which were located in Boston. That’s incredible.

With impressive sale numbers, experts are predicting explosive sales growth – annual sales should hit $1 billion by the end of 2020.

Today, I am going to reveal a promising young cannabis company that is cashing in.

This company is:

  • One of the largest in the United States.
  • One of the largest companies in Massachusetts.
  • Owns and operates 96 dispensaries and 13 cultivation centers in the US.

Green Thumb Industries (CSE: GTIF, OTC: GTBIF) is one of the largest cannabis companies in the US. This company owns and operates one of the best cannabis portfolios in the business. That portfolio includes 96 dispensaries and 13 cultivation centers in 13 states all across the US.


*Image from Green Thumb Industries.

Green Thumb is an early leader in Massachusetts’ high-growth cannabis market with valuable first-mover advantage.

Massachusetts is part of Green Thumb’s master plan to dominate the Northeast cannabis market.

As you can see in the map above, Green Thumb has a huge presence in heavily-populated states in the Northeast.

That includes:

  • 10 dispensaries and 1 cultivation facility in Pennsylvania.
  • 3 dispensaries and 1 cultivation facility in New York.
  • 2 dispensaries and 1 cultivation facility in Connecticut.
  • 1 dispensary and 1 cultivation facility in New Jersey.

New York and New Jersey are both looking to legalize recreational cannabis in 2020. New York alone would be another huge cannabis market and another big opportunity for Green Thumb.

Green Thumb is also one of the largest operations in Illinois – which has quickly grown into one of the largest and fastest-growing cannabis markets in the US.

Green Thumb is headquartered in Chicago and owns and operates seven cannabis dispensaries and three cultivation facilities in the state.

Strong presence in this region and cannabis-friendly regulatory changes give Green Thumb the footing for rapid growth.

Share are Trading 50% Below the 52-Week High

Despite the positive outlook, Green Thumb shares struggled in 2019 as the broader cannabis sector fell into an extended bear market.

Today, Green Thumb is showing signs of a reversal – but shares are still down about 50% from the 52-week high.

I expect shares to rebound in 2020, driven by strong sales in Massachusetts, New York, and New Jersey.

The Big Picture on Green Thumb

Green Thumb is an early leader in the high-growth Massachusetts cannabis market and has the footing to dominate the Northeast market.

Shares struggled in 2019 – but I expect a rebound in 2020 as more good news hits the industry and bullish sentiment returns.

Michael Vodicka owns shares of Green Thumb Industries (GTBIF) at the time of writing.


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Michael Vodicka is an equity analyst with more than 20 years of experience trading and investing. His research has been featured in some of the industry’s most respected publications. He has been investing and leading investors in the cannabis sector since 2013.

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