TOP 5 Cannabis Stocks for 2020

TOP 5 Cannabis Stocks for 2020

1. Trulieve

With 39 operating cannabis dispensaries in Florida, Trulieve is one of a very select group of cannabis companies that are actually generating a profit – with the company bringing in a Revenue of $70 million in its most recent quarter; an increase of 22% over the previous quarter. Their dispensary count increased 14% over the previous quarter and 102% over the previous year. Not to mention they have over $100 million in the bank to get them through any tough times.

2. Green Thumb Industries

Our next pick is Green Thumb Industries, a US Multi-State Operator (MSO) with retail outlets in ten states, covering 32% of the US population. They currently operate 41 dispensaries (both recreational and medicinal) and with a total capacity of 101 licenses.

GTI reported $68 million in revenue for the most recent quarter – an increase of 51% over the previous quarter, and a whopping 296% over the corresponding quarter last year), placing them behind only Trulieve. This growth was driven by the ever-increasing sale of GTI’s products in third party retailers and increased retail store growth in traffic and revenue. At the end of the quarter, the company had cash in the bank of just over $66 million and long term debt of $96 million. With its current quarterly cash burn being very modest, the company is well funded for expansion in 2020.

3. Botanix Pharma

Botanix Pharma is a cannabis biotech company that is focussed on the development of CBD-based drugs for the treatment of a range of dermatological diseases, including acne, atopic dermatitis and psoriasis. The addressable market for acne and atopic dermatitis are over $8 billion in size and no new drugs have been developed for these diseases in over 20 years. This is probably one of the best pot stocks in terms of the potential for gains in 2020.

Should BOT deliver successful endpoints on it’s trials, it could result in billions in revenue over the coming 10 years. Botanix Pharma is definitely one to keep your eyes on.

To learn more, visit: https://thegreenfund.com/the-5-best-pot-stocks

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