You know Trulieve is one of the best stocks to own, but you can also maximize your returns in the Sunshine State with these three other picks…
It’s no secret that Trulieve Cannabis Corp. (OTC: TCNNF) has an iron grip on Florida‘s medical cannabis market.
Of the $1.2 billion in cannabis sales that Florida dispensaries will do this year, Trulieve is on track to make up 50% of them with its 91 retail locations in the state.
Factor in its historic $2.1 billion acquisition of Harvest Health and Recreation and the 10 other states that Trulieve operates in, and you’ll see why we talk about this company so often.
Without a doubt, it’s one of the best multistate operators (MSOs) to own right now.
But if you’re looking to make the most money possible from Florida’s booming medical cannabis market, there are several other companies not named Trulieve that you can invest in – and we’re going to reveal our top picks for you today.
Florida is expected to become the fourth-largest legal cannabis market in the United States by 2025 with $2 billion in projected medical cannabis sales alone, trailing behind only California, Illinois, and New York‘s their recreational markets.
That means there’s hundreds of millions of dollars in sales still up for grabs.
That’s why MSOs have been on a buying spree in Florida in order to claim their stake in one of the most potential-filled markets in the country before recreational sales are even legalized.
Once that happens, and it inevitably will, there will be so much more money to be made.
#1 – Ayr Wellness Inc. (OTC: AYRWF)
Ayr Wellness made a name for itself in Florida in December 2020 when it acquired Liberty Health Sciences and became the company with the second-most dispensaries in the state after Trulieve with 42 storefronts open today.
Then in September, Ayr closed its acquisition of Garden State Dispensary in New Jersey, including its three dispensaries and one of only 12 vertically integrated licenses in the state. Plus, when New Jersey recreational cannabis sales kick off, Ayr will get a head start on the profits.
Its 42 dispensaries in Florida, plus an additional 20 storefronts in six other states, have made Ayr one of the best up-and-coming multistate operators to own right now – in Florida and beyond.
#2 – Planet 13 Holdings Inc. (OTC: PLNHF)
Planet 13 is best known for its completely unique cannabis SuperStore, a full-on cannabis tourist attraction with locations in Las Vegas and Orange County, with a third store coming to the Chicago area.
Then last month, just days after announcing its third location in Chicago, Planet 13 announced its entry into Florida by acquiring one of only 22 vertically-integrated licenses in the state.
But here’s where it gets interesting – because Planet 13 won’t be opening a SuperStore in Florida just yet. The company is instead working to buildg out its cultivation operations and brand presence in Florida’s medical market with smaller locations throughout the state.
With the acquisition of this vertically-integrated license, Planet 13 opened up a door to so many more moneymaking opportunities in Florida.
Once recreational sales are legalized, imagine the possibility of a Planet 13 SuperStore in Orlando or Miami…the moneymaking potential for investors will grow exponentially.
#3 – Curaleaf Holdings, Inc. (OTC: CURLF)
Curaleaf has long been a strong contender in Florida, with 37 dispensaries already operational and is the second-highest seller of cannabis flower statewide after Trulieve.
Combine that with the fact that Curaleaf expects to have 60 dispensaries open in Florida by the end of 2022, and Curaleaf will be in line with Ayr as one of Trulieve’s top competitors.
And with recreational cannabis legalization on the horizon – whether it be federal or at the state-level – Curaleaf will have positioned itself to take full advantage of all the money there still is left to be made in Florida.
# 4 – Click Here to Unlock
There’s one more company in the NICI Membership model portfolio that is taking great strides to expand its Florida footprint. If you want to maximize your returns in the Sunshine State, this portfolio stock is well worth your consideration.
For those of you who are NICI Membership subscribers, click here to find out your final Florida pick.
And if you’re not yet a member, click here to gain access to a handpicked portfolio of the best pot stocks to own, and more exclusive insight into how to make the most money possible from cannabis investing delivered straight to your inbox.
NICI Research Team
4 responses to “Three Cannabis Companies in Florida (Other Than Trulieve) to Own Right Now”
October 20 2021