This Pot Stock Deserves a Look

The legal cannabis industry has grown tremendously over the past few years, and dozens of cannabis companies are now publicly traded. Picking the best pot stocks is no easy feat, as the industry is still at a nascent stage. Today, we are going take a look at a Tallahassee, Florida-based marijuana company that could deliver big returns to investors.

The company in question is Trulieve Cannabis Corp (OTCMKTS:TCNNF, CNSX:TRUL), a vertically integrated “seed-to-sale” cannabis operator.

I should point out, that despite its stock being listed north of the border, Trulieve is very, very American. In fact, it is the first fully licensed medical cannabis company in Florida.

The first-mover advantage has served the company well in the Sunshine State. The company opened its first dispensary in 2016. Today, it has 48 dispensaries in the state, totaling 145,505 square feet of retail space. (Source: “Investor Presentation | June 2020,” Trulieve Cannabis Corp, last accessed June 30, 2020.)

Trulieve serves approximately 7,300 patients in its stores every day and also offers an efficient statewide home delivery service. The company has by far the largest dispensary network in Florida.

Trulieve is also expanding its presence outside Florida. In particular, it has made strategic acquisitions in Massachusetts, California, and Connecticut.

Recently, the company announced that it had received unanimous approval for its…