These companies are battling it out to win California, Nevada, Arizona, Florida, and New York…

I always want to keep you informed about the legalization efforts happening across the United States.

I’ve talked about Florida a lot lately. It’s one of the fastest-growing cannabis markets in the country, with over 210,000 medical patients as of May.

I’ve also talked about Nevada being the cannabis tourist capital of the world thanks to Las Vegas, and I’ve gone into great detail about how California needs to turn itself around after a disappointing recreational launch.

I’ve even discussed how cannabis investors are focusing too much on New York and New Jersey and not enough on what is happening on the rest of the East Coast.

With talking about states so much, I know our members have questions about what companies are poised to dominate the U.S. market.

In fact, I received just such a question.

And I’m going to answer it, right now…

Which Stock Is Poised to Dominate?

One of the questions I received was about which company would win over the entire U.S. market.

Mel M. asks: “I’m hearing about one stock poised to dominate California, Nevada, Arizona, Florida, and New York. What are your thoughts on who is in the position to take over the U.S. market?”

Mel, there are several companies that want to dominate each of those states. Cresco Labs Inc. (CSE: CL, OTC: CRLBF), Curaleaf Holdings Inc. (CSE: CURA, OTC: CURF), Harvest Health and Recreation (CSE: HARV, OTC: HRVSF), Green Thumb Industries (CSE: GTII, OTC: GTBIF), Acreage Holdings (CSE: ACRG, OTC: ACRGF), and MedMen Enterprises Inc. (CSE: MMEN, OTC: MMNFF) all have national reach.

If they’re not currently in each of those states, you can be sure they’re looking for a way to enter them, either by winning licenses or by acquiring existing license holders.

Green Growth Brands (CSE: GGB, OTC: GGBXF) might be a candidate to get into that upper echelon, but the company is currently more focused on the CBD opportunity.

You can add Illinois and Massachusetts to the list of states a company must be in if it wants to be a national player.

Who will win?

We don’t know yet.

This industry is too new to know for sure. But a quick look at the Cannabis Investor’s Report model portfolio will tell you who I think are the most likely winners. I can say that I think there will be more than one winner over the next few years.

There’s also more investing strategies than ever before when it comes to cannabis stocks, and Cannabis Lots have opened up a whole new world of investing opportunity.

Cannabis is going to be a very large industry, and there will be more than one retailer that will find enormous success.

This week, one of our members also wanted to know about new regulations in California.

Welcome to California 2.0

David N. asks: “Greg, I read in California that a new regulation is making vapes have the new universal symbol on its label. It says this is going take a lot of time and trouble for companies to comply. How will this effect Ionic Brands and the rest of the industry?”

Great question, Dave.

I asked CEO John Gorst this very question, and he said that his company, Ionic Brands Corp. (CSE: IONC, OTC: IONKF), got kind of lucky. That company was just starting to ship vape pens in California, so the additional cost was minimal.

I will also have a story out Monday about vape pens, so keep an eye out for that.

The bigger story here is that the new labeling requirement is part of a larger story of California constantly changing and updating its regulations, imposing the costs of change on the industry.

In the near term, that helps larger companies that have more resources to make adjustments. In the long term, California is going to have to get its act together on this subject.

Enjoy your weekend,

Greg Miller

Executive Director, National Institute for Cannabis Investors


18 responses to “The Companies Fighting to Win the United States”

  1. Thank you so much for your energetic updated and information.
    I finally purchased a computer I am an angel investor one of the first few I guess and I did take a brokerage company called Avery as soon as I get that account open I am on it on top of the other opportunities lb just in about a million other areas thank you for your update sincerelylynn Burkard

  2. What effect do you think the recent lung and even death vape related(implied) medical issues (are going to have) on the short term industry performance.

    • I believe Michigan will go fully legal in June of 2020 (Illinois will do the same in January I believe).

  3. Greg,
    Steven White, CEO of Harvest Health & Recreation, impressed me with his earnestness in an earnings report call. Then he was gone. What happened to Steven White?
    And, when will the FDA get cannabis off the Schedule 1 list?

  4. Hi Greg

    Can you give me your opinion on CBWTF. Should I hold sell or buy more of this stock.
    Thank you, Rob H

  5. I hope we in the united states will get our act together so everyone will benefit and make a good living.

  6. I am 100 percent service connected as a Veteran my Veteran my Mental Health Provider advice don’t take Cannabis.

    • is veteran owned and can provide assistance and discounts to veterans. They have high quality hemp and CBD products.

  7. What’s going on? For the most, numbers look good(showing good if not great profits), we’re continuing to move closer to legalization, more companies are coming on line, and I’m down 30% almost across the board. And I have shares in half of your highest rated organizations. What gives? I appreciate the news articles, but I need answers!

    • What is pushing this market down so consistently? And when can we expect a change of market direction?

  8. Hi Greg,
    Thanks for answering my question above. I have one more question or request. Can you give an update on CBIS? News I’m reading on TDAmeritrade is much different than what I’m reading here on your last update in January. Thanks
    I can’t find the article mention in above article on vapes. Has anyone seen it?

  9. Hi Greg:
    Can you please give a current update on IIPR. It seems it has gone from everybodys favorite to D ranking and sell status. Its plan is genius and seems to be working, so what are they doing wrong?

  10. I have invested in some of the portfolio companies but have seen nothing but losses.I am still holding on but do you see a change coming soon .

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