This Cannabis Company Is an Easy Buy for the Long Term
Even the most surface-level research into the cannabis market quickly reveals three major trends. First, the market is growing rapidly. Second, the companies that are more sizable in terms of facilities and revenue are continuing to eat up the smaller players. And third, revenue is hitting record amounts, to the tune of $17.5 billion in legal cannabis sales in the U.S. in 2020, a 46% increase over 2019.
Ayr Wellness (OTC: AYRW.F) is feeding off all three of these factors as it looks to become a leader among the elite vertically integrated multi-state operators selling medical and recreational marijuana.
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Source Fool.com
