The cannabis industry is unattractive to investors now. Slow to no progress toward federal legalization has dragged down cannabis stock prices over the last two years. Surprisingly, the industry is expanding rapidly not only in the United States but also globally.

Companies in a developing industry have a lot of room for expansion. Green Thumb Industries (OTC: GTBIF) is one such cannabis multi-state operator (MSO) that is doing exceptionally well, despite its stock performance.

Oversupply and pricing pressure in the U.S. has resulted in lower revenue for most cannabis growers. In that context, Green Thumb's continued revenue growth, even at modest levels, is impressive.

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Source Fool.com