Curaleaf Stock: Bear vs. Bull
Cannabis stocks have been underperforming for the last two years due to a lack of progress toward federal legalization in the U.S. Given the high risk involved, cannabis investing is not for the faint of heart. However, it is an evolving sector with a lot of room to grow. Savvy investors understand that it may take some time, but cannabis stocks have the potential to transform your portfolio if you are willing to take the risk and hold them for the long term.
Curaleaf Holdings (OTC: CURLF), a multi-state operator (MSO), has been a dominant player in the U.S. cannabis industry, with stellar revenue growth. However, industry headwinds are beginning to have an impact on the company. Will it be able to continue its growth streak and become a major player in the cannabis industry? Let's take a closer look to see if it's worthwhile to invest in Curaleaf right now.
Curaleaf has long held the top revenue contender title in the U.S. cannabis industry. The company earned $1.3 billion in revenue in 2022. Curaleaf retains its leadership position, despite competition from Trulieve Cannabis, which has 181 stores nationwide and $1.2 billion in revenue over the same period.
Source Fool.com
