Why Is Everyone Talking About Green Thumb Industries Stock?
The U.S. marijuana market is projected to hit $80 billion upon full federal legalization, with an annual growth rate reaching 20% over the next 10 years. There is now approximately 66% bipartisan support for marijuana legalization (compared with just 17% in 1971), showing the likeliness of the drug's imminent arrival into consumer markets.
As a result, investors are buying up shares of U.S. growers en masse. Year to date, shares of mid-cap cannabis company Green Thumb Industries (OTC: GTBIF) have appreciated by more than 36%. That's a staggering outperformance, considering the S&P 500 index saw no change during the same period.
Despite a remarkable rally, I think Green Thumb's momentum will continue rewarding shareholders for the long term. Let's take a look at why everyone is talking about this leading U.S. marijuana grower.
Source Fool.com
