Cannabis stocks are on fire once again. There are a handful of top performing themes right now in the market, and cannabis stocks have moved back to the front of the pack for the first time since 2018, when people called it a “pot stock bubble”.
Now, we are starting to see some similar relative momentum in the space, but it isn’t being viewed as a bubble because the companies are growing into their caps fast, and the next level is coming. Legislative catalysts are thick on the ground as well, with the ascendancy of the left in political leadership, and its sympathy with the legalization agenda.
Green Thumb Industries to Open Rise Erie Peach in Pennsylvania, Its 52nd Retail Location in the Country, on February 3
February 01, 2021 07:00 ET | Source: Green Thumb Industries Green Thumb Industries Chicago, Illinois, UNITED STATES
CHICAGO and ERIE, Pa., Feb. 01, 2021 (GLOBE NEWSWIRE) Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ Dispensaries, today announced it will open Rise Erie Peach in Pennsylvania, its 52
nd retail location in the nation, on February 3. Profits from the first day of sales will be donated to Community Shelter Services whose mission is to preserve the dignity and support the development of individuals who are homeless or at risk of homelessness by providing temporary, transitional and permanent shelter, as well as support services, referrals, advocacy and community education.
3 Marijuana Stocks To Watch Right Now In The Market
As we enter the month of February some of the top marijuana stocks are on investorâs watch list. During the last few days of January, cannabis stocks started to dip. However, some analysts feel February will bring in some gains. Current projections for the U.S. cannabis industry is between $30-$70 billion over the next 5 to 10 years.
Now in 2021 if we can eliminate cannabis from being federally illegal investors feel on that day it cause the sector to rally. Not only that it will create more business opportunities for current and new cannabis companies. So far to kick off the new month some cannabis stocks are looking good in February.
Erie County will soon have a second location where people can purchase medical marijuana.
Rise Erie is opening a new dispensary at the former Planet Fitness location, 1950 Rotunda Drive in Summit Township. It is expected to open the week of Jan. 11, said Tim Hawkins, vice president of retail operations for Rise Erie s parent company, Green Thumb Industries. Certainly the fact that upper Peach Street is a retail hub is an attraction for us, Hawkins said. It s also close to (Interstates 90 and 79), and we draw patients from not only Erie but the surrounding area.
The new location will be known as Rise Erie Peach, while the current location at 2108 W. Eighth St. will be known as Rise Erie Lake, Hawkins said.