<!– CCHWF: 4 Lesser-Known Cannabis Stocks Under $10 to Add to Your Watchlist
The past few months have been eventful for the cannabis industry, with several new U.S. states moving to legalize medical and recreational marijuana use. The most recent example is Virginia: As soon as Gov. Ralph Northam signs a bill recently passed by the state’s House and Senate Virginia will join 15 other states and the District of Columbia that have legalized marijuana for adult recreational use.
Many cash-strapped states, such as Wisconsin and Kansas, are pushing for similar measures with an eye on the potential tax revenues to be had from the legal sale of marijuana products. With Governors citing racial disparities in drug convictions as just one of the reasons to support marijuana legalization, federal reform could also be closer than ever. In essence, these moves could act as major growth catalysts for even the lesser-known cannabis stocks.
While typically it is the leading cannabis stocks that hog all the attention, we believe relatively smaller stocks, such as Columbia Care Inc. (CCHWF), Planet 13 Holdings Inc. (PLNHF), 4Front Ventures Corp. (FFNTF), and Acreage Holdings, Inc. (ACRHF), that are currently trading below $10, might now have