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.
From its last traded price of $13.11, we’d like to see it challenge $15.50 near term.