The 1 Stock I'd Buy Right Now
While the world still fights the coronavirus crisis, the pandemic-induced marijuana boom continues. After cannabis was declared an "essential item" in the U.S., sales at many cannabis companies spiked. The U.S. marijuana industry keeps flourishing, even with a limited legal market. Only a few states have legalized marijuana, while it remains illegal federally. But that hasn't stopped cannabis companies from showing extraordinary performance this year, thanks to pandemic tailwinds and the fact that ever more states are legalizing marijuana.
This is evident from Massachusetts-based Curaleaf Holdings' (OTC: CURLF) first-quarter 2021 performance, reported on May 10. Revenue soared again, bringing another quarter of positive earnings before income, tax, depreciation, and amortization (EBITDA). Let's dive right into its results for Q1, which ended March 31, and determine why this is one stock worth buying right now.
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Source Fool.com
