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Why Green Thumb Stock Popped, Then Dropped Today
['Rich Smith']
The Motley Fool
Green Thumb looks like a rare opportunity to grow your marijuana profits.
That news sent Green Thumb stock rocketing more than 15% yesterday, as investors bet the president would soon announce official backing for medical marijuana -- or even for legalizing marijuana in general.
The momentum carried over into this morning, spurred by a well-timed press release from Green Thumb announcing the open of its latest RISE marijuana dispensary in Lebanon, Pa.For those keeping score at home, that's about 20% of gains for Green Thumb stock in barely 24 hours.
Is Green Thumb Industries stock a sell?
While it's never easy to predict what's next on President Trump's agenda, if legalization is on the table, this could be a great price at which to get into Green Thumb stock.