2 Cannabis Multi-State Operators Up More Than 40% YTD

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Cannabis stocks have been performing well this year as several states are moving towards legalizing marijuana for recreational use. Virginia will become the 16th state in the United States and the first in the south to legalize cannabis for adult use.  Gov. Ralph Northam signed the measure into law this year.

With Chuck Schumer and two other Democratic senators pushing for marijuana legislation that would end a federal prohibition of the plant this year, the shares multi-state marijuana operators Curaleaf Holdings, Inc. (CURLF - Get Rating) and Acreage Holdings, Inc. (ACRHF - Get Rating) are strategically positioned to achieve new levels this year.

The growing cannabis market presents a huge opportunity for these companies.  As such, they are now increasing their capacity and dispensaries in key states and high-growth markets. Some up-and-coming cannabis companies have delivered significant returns so far this year and we think still have plenty of room to grow.

Curaleaf Holdings, Inc. (CURLF - Get Rating)

Headquartered in Wakefield, Massachusetts, CURLF is an integrated medical and wellness cannabis operator in the United States. The company operates through two segments – cannabis operations and non-cannabis operations. It offers hemp-based CBD products, vaporizing oils, cartridges, concentrates, capsules, mints, edibles, and flower pods.

Last month, the company announced plans to expand certain products into Utah. Its Select Elite product will be available to patients at medical cannabis pharmacies across the state. CURLF also plans to launch more diverse product offerings under the brand in the coming months to meet increasing medicinal needs.

Also, in February, CURLF celebrated the opening of a new branded location in Maine, which marks its 101st store in the country. This new store will provide convenient curbside pick-up services and expanded access to the company’s high-quality medical cannabis products to its customers.

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