Financial analysis firm Cantor Fitzgerald released a report on Wednesday which estimates that Arizona, New Jersey, New York, Pennsylvania and Connecticut will legalize recreational cannabis sales in the next two years.
Analyst Pablo Zuanic calculates that these new states will add $3.5 billion in market potential for cannabis MSOs and other smaller players.
Curaleaf, Green Thumb and Cresco to Lead the Game
According to the report, the three companies best positioned to take advantage of these new markets could grab 15% of the proposed growth each, averaging about $500 million. These are:
Curaleaf (CSE:CURA) (OTC: CURLF), who is ready to implement strategies in all five states, and would increase revenue by 60%.
Green Thumb Industries (CSE:GTII) (OTC: GTBIF), who can attack all markets but Arizona, and would double its sales.
Cresco Labs (CSE: CL) (OTC: CRLBF), who is ready to operate in Pennsylvania, New …