“There is little excitement around the sector,” says Kevin Bush, chief financial officer with Sweet Leaf Madison Capital. “Nonetheless, it is important for investors to keep in mind that all the reasons the sector has been so popular in the past, specifically the unambiguously high growth trajectory of the industry, still exist.”
“Curaleaf has developed its footprint focusing on states with large populations and limited licenses, such as Massachusetts, New York, New Jersey and Florida,” says Bush.
Bush also likes AFC Gamma Inc. (AFCG), which “has taken a similar approach by lending to the industry in limited-licenses states,” he says.
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