As the legal marijuana industry gains steam, Trulieve Cannabis, Columbia Care, and GrowGeneration are well-positioned for success.
It started as a small medical cannabis company in Florida. Now, it's the dominant player in its home state, where it operates 112 dispensaries. Staying focused on its core market helped the company grow its revenue and profits without overburdening its balance sheet. This strategy will also give it a competitive moat once Florida legalizes adult-use recreational cannabis, which experts predict could happen this year.
Meanwhile, Trulieve has slowly expanded into new markets; it now operates 159 stores nationally.