Best Ancillary Cannabis Stocks for February: Strong Picks in Real Estate, Tech, and Equipment
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The U.S. cannabis industry is expanding, with legal sales reaching $34 billion in 2023 and projections of over $50 billion by 2028. Ancillary cannabis stocks, which provide essential services like real estate, technology, and equipment, are poised to benefit from this growth. Increased state legalization and federal reform discussions are driving demand for cannabis infrastructure.
February 01, 2025 | 8:15 pm
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THCX, an ETF focused on cannabis-related stocks, is likely to benefit from the expanding U.S. cannabis industry, with sales projected to exceed $50 billion by 2028. Increased state legalization and federal reform discussions could further boost its holdings.
THCX is an ETF that includes stocks of companies providing services to the cannabis industry. As the industry grows, driven by increased legalization and potential federal reforms, the ETF's holdings are likely to appreciate, positively impacting its price.
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