The cannabis industry is poised for significant growth in 2024.
Furthermore, the global cannabis market is expected to reach substantial figures, with the U.S. market alone projected to hit $38.4 billion by the end of the year. This growth is fueled by the introduction of new products, including edibles and vapes, and a trend towards personalized cannabis experiences. Additionally, technological innovations, such as AI and blockchain, are set to revolutionize production and supply chain management for industry. This forms my backdrop for cannabis stocks to buy.
As more states in the U.S. move towards legalization, the industry faces both opportunities and challenges. The push for federal legalization continues, though it remains uncertain. States like New York and Maryland are finalizing new programs, contributing to market expansion. Internationally, countries such as Germany are also playing a significant role in shaping the global cannabis landscape.
Therefore, this sets the stage for three companies that I believe are great picks that investors should have high hopes for.
Curaleaf (CURLF) Source: CreativeFireStock / Shutterstock.com
Curaleaf (OTCMKTS:CURLF) is a leading international provider of consumer cannabis products.
For the full year 2023, Curaleaf’s revenue was $1.37 billion, a 2.62% increase compared to 2022. The company achieved
