CURLF - 3 Stocks to Invest in If Maryland Approves Adult-Use Cannabis Sales
Maryland has five constitutional amendments on its ballot this November, but the one getting the most attention is Question 4, which would legalize recreational adult marijuana use if it passes, as polls suggest it will. Maryland has allowed medical-use marijuana sales since 2014 and approval of the amendment would make it the 20th state to legalize recreational marijuana use.
That would open the door, but not immediately, for marijuana sales. The amendment would legalize adult-use of cannabis by July 1, 2023, but leaves it to the state legislature to set up the framework for sales and regulation. If amendment is approved, sales probably would begin in 2024.
It's obviously a game changer for marijuana growers and retailers in the state, but what companies have put themselves in a position to benefit the most? To me, multistate operators (MSOs) Trulieve Cannabis (OTC: TCNNF) , Curaleaf Holdings (OTC: CURLF) , and TerrAscend (OTC: TRSSF) stand out as the best prepared to take advantage. Because they have already gone through the process of adapting to a state's change to allow adult-use marijuana sales, all three companies are better equipped to manage the regulatory hurdles and costs.
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3 Stocks to Invest in If Maryland Approves Adult-Use Cannabis Sales