If you try to buy Cresco Labs on Robinhood, you won’t be able to find it.
Robinhood does not allow you to buy cannabis stocks that trade over-the-counter (OTC).
The only cannabis stocks that the platform will let you trade are companies based out of Canada, medical companies, and pick-and-shovel plays, like the real estate investment trust Innovative Industrial Properties (NYSE: IIPR).
Here’s why that’s a big problem.
You Can’t Buy Cresco Labs on Robinhood (You’re Missing Out)
Even though Canada has fully legalized recreational cannabis, the market is much smaller than the United States.
For example, total sales in Canada were $2.08 billion in 2020. In comparison, California sold $4.4 billion worth of cannabis in 2020.
That means that most of the marijuana stocks Robinhood is currently listing have limited upside.
And if you have only traded on Robinhood, you’ve missed the incredible gains Cresco Labs has posted since you have not been able to buy the stock.
For example, over the last year, the CRLBF stock price has climbed 268%.
Of course, if you still haven’t bought shares yet, you don’t have to worry. There is still time to buy shares through other brokerage services.
But you don’t want to drag your feet for too much longer.
Because we just released a new price prediction at the National Institute for Cannabis Investors (NICI) for Cresco Labs.
And it shows that you could make triple-digit gains…
NICI Executive Director Don Yocham believes that the Cresco Labs stock price will trade for $42 over the next 12 months.
Currently trading around $13, that’s a potential gain of 223%.
In his Deep Dive video below, you’ll find out all the reasons why Don believes it will trade for $42 per share.
To your investing success,
Partner, RADD Capital
P.S. If you’re new to the National Institute for Cannabis Investors, make sure to bookmark the homepage so that you can easily find our latest reports and important updates on cannabis investing.
May 10 2021