When it comes to investing, patience is key — even when you’re investing in a quickly evolving industry like marijuana.
There are three cannabis companies in particular that I think are worth buying and holding for the long haul. Massachusetts-based Curaleaf Holdings (OTC: CURLF) and Chicago-based Cresco Labs (OTC: CRLBF) have shown solid performance over the past few quarters, with robust triple-digit revenue growth and consistent positive EBITDA (earnings before income, tax, depreciation, and amortization). Both have laid a strong foundation in the U.S. cannabis market, and their recent quarterly results are proof that they could be the stars of your portfolio years down the road. I also have faith that Canada-based Canopy Growth will soon become a market leader; though it’s not profitable yet, the company is on the right path.
Let’s take a look at their progress so far and determine why these pot stocks could make you rich 10 years down the line.