Don’t you wish investing had an “easy” button? You’d only have to press the button to make smart buys of stocks set to take off in a big way.
Unfortunately, this button doesn’t exist. However, there are stocks that are relatively easy picks based on their huge growth prospects. Here are three no-brainer stocks to buy that should soar this year.
1. Cresco Labs
Mark my words: This will almost certainly be the most pivotal year in the history of the U.S. cannabis industry. That makes marijuana stocks more enticing than ever. I think that Cresco Labs (OTC:CRLBF) ranks among the most attractive pot stocks on the market.
Cresco’s market cap currently stands around $3 billion, which is lower than several of the multistate cannabis-operator’s peers. However, Cresco’s sales in its latest reported quarter were neck and neck with these rivals. I wouldn’t go so far as to call Cresco a value play, but it’s about as close as you’re going to get with cannabis stocks.
The company recently announced that it won a license in Arizona to sell recreational marijuana at its Phoenix dispensary. Look for Cresco’s sales in the Grand Canyon State to soar as the rec market picks up momentum. Don’t be surprised if the company also makes a move into New Jersey, another big new recreational-marijuana market that will soon open for business.
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