IN THE NEWSHere’s the Next Likely Multibillion-Dollar Marijuana Market

March 18, 2019by MariMed Team

This article originally appeared in Motley Fool. This article was written by Keith Speights.

You can count the number of multibillion-dollar marijuana markets, at least of the legal variety, on one hand and still have some fingers left over. Even then, several of those markets haven’t topped more than $2 billion in annual legal marijuana sales yet. California is already there, while Canada and Colorado shouldn’t be too far away from becoming multibillion-dollar marijuana markets.

It appears there could be one less finger left over in the not-too-distant future. Illinois is considering the legalization of recreational marijuana. And based on a recent report, the state could be the next likely multibillion-dollar marijuana market. …

Ways for investors to profit

With another big recreational marijuana market potentially on the way, are there ways for investors to profit? Of course. There are three stocks that especially stand out.

Green Thumb Industries (NASDAQOTH:GTBIF) is based in Chicago. The company has operations in 11 states, including its home state of Illinois. With its cultivation and manufacturing capabilities along with its RISE retail chain of cannabis dispensaries, Green Thumb Industries would probably be a big winner from legalization of recreational marijuana in Illinois.

MariMed (NASDAQOTH:MRMD) is another stock that could jump if Illinois legalizes recreational pot. The company focused in the past on providing advisory services for its customers in the medical cannabis industry. However, MariMed has acquired several of its customers, including two medical cannabis dispensaries in Illinois. MariMed also owns Betty’s Eddies, the most popular brand of cannabis edibles in Illinois.

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