As the Canadian cannabis companies struggle to generate consistent revenue growth, Green Thumb Industries (OTCQX:GTBIF) has joined a growing list of U.S. multi-state operators (MSOs) to generate quarterly sales beyond $100 million. The U.S. elections have the potential to expand sales opportunities for MSOs operating in key states, while a Joe Biden victory in the Presidential race could open up the financial system. My investment thesis is bullish on Green Thumb and the general domestic cannabis space on positive election results.
Image Source: Green Thumb website
Election Boost
The cannabis sector generally jumped on November 2 due to excitement around the U.S. elections. Green Thumb stands to benefit from the approval of recreational cannabis sales in New Jersey, where the company operates a retail operation and just opened a new production facility.
The company operates 49 retail stores with licenses for 96 locations in 12 U.S. markets out of its headquarters in Chicago. In…
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