On April 18, we noted:
As we near the U.S. elections, cannabis stocks are pushing to higher highs. For one, with 88% of the public believing cannabis should be legal, there’s growing speculation we could see rescheduling and positive mentions to boost potential votes. In addition, Florida may soon legalize cannabis for adult-use. Even Germany just legalized its use. With that, keep an eye on cannabis stocks, such as Green Thumb Industries (GTBIF) – which recently authorized a $50 million stock buyback program.
At the time, GTBIF traded at $13.11.
Today, after hitting a high of $16.33, it now trades at $13.36. From here, it could see higher highs, especially on news the government will reschedule cannabis.