Does This Small-Cap Cannabis Stock Have the Biggest Upside in the Industry?
As a general rule, large companies have a more difficult time growing than small companies do. So when an investor finds a small-cap stock with exciting growth prospects, it could be a recipe for multi-bagger gains.
These days, the U.S. marijuana industry is quite an interesting place to look for such stocks. There is greater support for marijuana legalization than ever before, with New Jersey, Montana, South Dakota, and Arizona approving adult recreational use, and Mississippi approving medical marijuana in the November election. Furthermore, during the pandemic, cannabis sales growth has proved resilient.
With regulatory hang-ups set to ease and marijuana sales growth among the hottest of any non-tech industry, cannabis stocks could be set to rise in the new year. Among many choices, this well-run but relatively small player in the U.S. could have significant upside ahead.
Source Fool.com
