Cannabis stocks have emerged as an unlikely bipartisan favorite ahead of the November presidential elections. While Vice President Kamala Harris has previously backed rescheduling marijuana under less restrictive Schedule III guidelines, GOP candidate Donald Trump has now also voiced his support for the issue in Florida. As cannabis operators continue to await more business-friendly U.S. policies on everything from taxation to employment to banking, investors are becoming optimistic that a significant shift could be coming for the domestic market.
Against this backdrop, here's a look at three promising cannabis stocks for investors to consider - Organigram Holdings (OGI), Verano Holding (VRNOF), and Cresco Labs (CRLBF). All three stocks trade under $10 per share, with a consensus "buy" or better rating from analysts, presenting lower-priced opportunities for lucrative returns in a sector that's poised for rapid growth and transformation.
