The recent turn of events in the US Senate race has Cannabis markets reacting to a strong potential of legalization legislation being passed in 2021.
We are sharing our Top 5 OTC Cannabis stocks to keep an eye on in 2021.
#5 – GreenGro Technologies Inc (OTC: GRNH)
Based out of Southern California, GreenGro sells eco-friendly, green technology with a specific domain in expertise in an indoor and outdoor agricultural science system. Founded in 1996, GreenGro serves both the consumer and commercial farming markets.
#4 – Green Thumb Industries (OTC: GTBIF)
Based out of Chicago, Green Thumb is a national cannabis consumer packaged goods company and retailer. Green Thumb manufactures and distributes a portfolio of branded cannabis products including Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection. The company also owns and operates rapidly growing national retail cannabis stores called Rise™ and Essence. Headquartered in Chicago, Illinois, Green Thumb has 13 manufacturing facilities, licenses for 96 retail locations and operations across 12 U.S. markets.
#3 – Trulieve Cannabis Corp (OTC: TCNNF)
Based out of Florida, Trulieve’s vertically-integrated “seed-to-sale” operation has approximately 51% of the Florida market. Trulieve boasts over 501+ SKUs and is constantly adding new, fresh, and exciting items to its product line. Its widespread dispensary network and large delivery fleet provides important, much-needed access to thousands of patients every day throughout the state.
#2 – CBD of Denver Inc (OTC: CBDD)
Based out of Denver, a full line CBD and Hemp Oil company is the only company to release a comprehensive CBD Social Network. The site has been active for 3 months and already has approximately 200 users and receives 1500-2000 hits a day.
They have reported a very successful Q4 and a recent agreement with a distributor in Switzerland. This stock has received considerable attention on OTC and should see huge benefits with US legalization in the near future.
#1 – Grow Solutions Holdings Inc (OTC: GRSO)
Based out of Canada, Grow Solutions is working a different angle in the Cannabis industry. GRSO is developing artificial intelligence that can automatically measure crop health, detect growth patterns, and adjust environmental settings on the fly.
This is a very interesting OTC play as the technology has potential to revolutionize the market if it is able to yield the results that it hopes for. The legalization in the US will only boost the visibility of a company like this, a huge influx of businesses into Cannabis will create competitors looking for an edge.
** Our content is intended to be used for informational purposes only. It is imperative that you do your own research and analysis before making any investment. Always consult with a professional or your financial adviser before making an investment decision.
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