With marijuana stocks experiencing an unprecedented bull run lately, it isn’t easy to find one that’s undervalued — in fact, we had to venture all the way down to Florida locate one.
Veteran Motley Fool contributor Eric Volkman and Healthcare and Cannabis Bureau Chief Corinne Jurney Cardina talk about that stock and why it’s so attractive in this Motley Fool Live clip recorded on Feb. 5, 2021.
Corinne Cardina: Eric, what is one marijuana stock that you think is wildly undervalued right now?
Eric Volkman: Well, there are no pot stocks, I believe, that are wildly undervalued.
Cardina: A little bit undervalued.
Volkman: Slightly, modestly undervalued.
Okay, one undervalued play I would say right now, people know about this stock, but other marijuana stocks have got more press than these guys. They’re a stock called Trulieve Cannabis (OTC:TCNNF), they’re based in Florida. Their strategy is basically to be fairly dominant in their local market. Their market share there is almost 50%, and they are, far and away, the largest retailer there.
They operate in Florida, and of course, Florida has, probably as a lot of people know, has only legalized medical marijuana. So, because medical marijuana