GTBIF - 3 Reasons Why This Cannabis Operator Stock Is a Buy for 2022
The potential for marijuana legalization at the federal level in the U.S. has been tempting investors for years. When the Biden administration came into office in February, it looked as if a major change was going to make millionaires out of many cannabis investors practically overnight. For some who got in extremely early, that dream has come true. For those holding on to a longer term strategy, dreams began falling apart in March as stock prices began a lengthy tumble downward.
But the dream doesn't have to end just yet for the long-term investor. Green Thumb Industries (OTC: GTBIF) is one of a handful of large multi-state operators that have used 2021 as a springboard toward expanded growth -- and, dare I say, profits. And coming out of its third-quarter earnings release, there are three reasons why it's a buy for 2022.
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3 Reasons Why This Cannabis Operator Stock Is a Buy for 2022