Is Green Thumb Industries a Buy?
The Horizons Marijuana Life Sciences ETF has fallen more than 12% in the past six months (the S&P 500, meanwhile, is up around 12%) as pot stocks have been fading from investors' radars of late. Over the long term, however, there are significant opportunities in the sector: Analysts from Grand View Research project that the legal marijuana market will grow at a compound annual growth rate (CAGR) of 26.7% until 2028.
Investing in a top multi-state operator (MSO) like Green Thumb Industries (OTC: GTBIF) could be a great way to tap into that potential. But is now the time to buy the stock, or are there better options out there for cannabis investors?
Image source: Getty Images
Source Fool.com