Green Thumb Strengthens Its Position as a Top Cannabis Stock to Buy

If you're still looking for that ground-floor investment opportunity with a long-term approach, you might consider companies in the cannabis industry. Depending on who you talk to, federal legalization of recreational-use marijuana in the U.S. is not far off. In the meantime, states are jumping one by one onto the legalization train.

Marijuana companies are vying for position in what is becoming a massive market opportunity across the U.S. As this happens, businesses with greater funding are gobbling up smaller counterparts in an effort to gain entry into new territories, as well as to expand their presence in areas where they're already operating.

Chicago-based Green Thumb Industries (OTC: GTBIF) has been doing a little of both. Most recently, it has begun targeting a new, expanding market in the Northeast, in a state that has already legalized marijuana for medical use and is halfway to approval of recreational-use legalization.

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Source Fool.com