As the Canadian hashish corporations wrestle to generate constant income progress, Green Thumb Industries (OTCQX:GTBIF) has joined a rising record of U.S. multi-state operators (MSOs) to generate quarterly gross sales past $100 million. The U.S. elections have the potential to develop gross sales alternatives for MSOs working in key states, whereas a Joe Biden victory within the Presidential race may open up the monetary system. My funding thesis is bullish on Green Thumb and the final home hashish house on constructive election outcomes.
Image Source: Green Thumb web site
The hashish sector usually jumped on November 2 as a result of pleasure across the U.S. elections. Green Thumb stands to profit from the approval of leisure hashish gross sales in New Jersey, the place the corporate operates a retail operation and simply opened a brand new manufacturing facility.
The firm operates 49 retail shops with licenses for 96 areas in 12 U.S. markets out of its headquarters in Chicago. In…