While this is a bit of an optimistic prediction, it’s not like the cannabis sector is operating in a vacuum. In fact, there are plenty of signs that things are changing. As the industry continues to evolve, investors are starting to see the potential for the future.

Cannabis stocks have been red-hot lately, and this is likely to continue. So, if you want a piece of the action, you’ll need to invest now. After all, cannabis has many sales advantages over traditional pharmaceuticals, including lower cost, greater convenience, fewer side effects, and no sales reps to deal with. And, it can also be grown indoors, unlike many other pharmaceuticals that are only sold in pharmacies.

If you are looking for the best stocks to invest in, your search should start with the US cannabis market, which has many fast-growing companies that are performing incredibly well and could be great bargains for years to come. Three companies seem to be vying for dominance in the sector: Curaleaf Holdings (OTC: CURLF), Trulieve Cannabis (OTC: TCNNF) and Cresco Labs (OTC: CRLBF). And if all goes according to plan, they will reach the one billion dollar mark as early as next year. word-image-10118 IMAGE SOURCE : GETTY IMAGES.

1. Kuralef

Curaleaf is already on track to generate more than $1 billion in revenue over the next 12 months. In her latest results, published on 10. In May, the company reported revenue of $260 million for the period ended May 31. March. Even if the company’s sales remain at this level for the next three quarters, revenue will be well above $1 billion. But this milestone is likely to be exceeded, with sales up 13% on the previous period and the company’s continued growth. The company’s latest deal was the acquisition of Los Suenos, a Colorado cannabis company, for $67 million. In addition to expanding the company’s presence in the state, the deal will also reduce the company’s costs, as Los Suenos has the largest outdoor space in Colorado. This will enable Curaleaf to achieve higher margins and possibly to charge more competitive prices. But I wouldn’t be surprised if Curaleaf makes at least one more big move after that, especially since Trulieve, an operator in several states, could very well become the largest cannabis company in the country after integrating Harvest Health into its operations, a deal that could be completed as early as the third quarter of this year. If your priority is growth, then Curaleaf is what you need. With an aggressive growth strategy, it is certain that the company will continue to explore every opportunity to increase sales.

2. Correct

Trulieve alone could fetch another $1 billion in revenue next year. But after the acquisition of Harvest Health, you can. In the first three months of 2021, Harvest Health generated $89 million in revenue, bringing annual sales to $356 million. Add to that the $619 million in revenue that Trulieve has generated in the past 12 months, and the combined company is close to $1 billion, even without growth. As with Curaleaf, zero growth this year is just unlikely. Harvest Health operates in Arizona, which began selling recreational marijuana earlier this year, and this new market segment will only increase sales for cannabis businesses in the state. At the same time, Trulieve is expanding its presence in other states, including Pennsylvania, West Virginia and Massachusetts. These stocks are a good buy if you are focused on profitability. While Curaleaf is profitable on an adjusted EBITDA basis, Trulieve reported unadjusted net income of $30 million in its latest quarterly results.

3. Cresco Laboratories

Of the three stocks discussed here, Cresco Labs has the most work to do to reach the $1 billion mark. However, management believes it will be able to achieve this target by the end of the current financial year, the company said in its results released on April 27. May announced first quarter results. Revenue for the period ended December 31 The March period ended with $178 million, representing revenue of $712 million for the full year. In an earnings release, the company said it is counting on both organic growth and mergers and acquisitions to boost sales this year. One of these steps is the expansion of the product range. In June, Cresco announced it would expand its Good News brand to include smokable and edible products that will be available in California, Illinois and Michigan. One of the company’s most significant recent transactions was the acquisition of Florida-based Bluma Wellness, which was completed in April. With Bluma, Cresco will now compete with Trulieve and Curaleaf for market share in the Sunshine State. Florida, which was among the top four states for marijuana sales last year, is expected to offer significant growth opportunities and contribute significantly to Cresco’s revenue. If you are a fan of the underdog or just want to buy stocks at a relatively low price, Cresco may be the right option for you. With a price-to-earnings ratio of less than 5, these shares are cheaper than Curaleaf and Trulieve, which trade at price-to-earnings ratios of 10 and 7, respectively. Top 10 stocks to buy this month for Canadians Ian Butler, the Motley Fool’s dominant investor, just named his top stocks that Canadian investors should buy this month. I don’t know about you, but I always listen carefully when one of the world’s top growth investors recommends stocks to me. But pay attention: Right now you may be missing something because you are not on the list to buy these top 10 stocks right now. Click here to find out how you can benefit. This article represents the opinion of the author and does not necessarily represent the official recommendation position of the Motley Fool Award Advisory Service. We’re a mixed bag! Questioning investment issues – even our own – helps us all think critically about investments and make decisions that help us become smarter, happier and richer.

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