Why Cresco Labs (CRLBF) is The Best Performing Pot Stock In The Past Year

Cannabis stocks, which had a pretty hard time not too long ago, have made a strong comeback this year so far and one of the major gainers so far has been the Cresco Labs (OTC: CRLBF) stock.

The Cresco stock has been on a tear in 2021 and so far it has managed to rally by as high as 700% so far. In light of such gains, it could be a good idea for investors to take a bigger interest in the company. The company has managed to expand its presence in several of its existing markets. At this point, it is the biggest wholesaler of cannabis in the lucrative market in California. On the other hand, Cresco has also emerged as the biggest retail operator in Illinois.

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At this point, its operations are spread over as many as nine states in the United States. The company’s market cap is still not at par with many of its competitors and hence, there could be some more upside to the stock this year.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life