These top three cannabis stocks are leading the charge in the industry's growth, buoyed by the favorable winds of legalization. Verano Holdings (VRNOF): Positioned at the helm with a stronghold in Florida and operations spanning across 13 states, Verano is poised for exponential growth in the wake of Florida’s legalization, thanks to its savvy strategies.

Curaleaf Holdings (CURLF): Making waves in the European market through the Can4Med acquisition and boasting a remarkable 120% surge in international sales, Curaleaf stands as a beacon of potential for global expansion.

High Tide (HITI): Pioneering a novel discount club approach and making strategic moves to own prominent cannabinoid brands, High Tide is charting a course towards profitability and fostering a diverse portfolio.

Amid mounting anticipation, U.S. federal agencies are poised to overhaul cannabis regulations.

The swell of support for cannabis legalization has reached unprecedented heights, heralding promising prospects for cannabis stocks. According to a Gallup survey conducted last November, an astounding 70% of Americans now advocate for cannabis legalization, marking an all-time high in public sentiment. This groundswell is reinforced by the wave of states legalizing cannabis for both recreational and medical use, as well as the Biden Administration's pardoning of individuals with simple possession convictions.

Moreover, there's growing anticipation surrounding the potential reclassification of cannabis by federal agencies like the Drug Enforcement Administration (DEA). Furthermore, with numerous states set to include marijuana legalization initiatives in the forthcoming 2024 election, the momentum continues unabated.

In light of these developments, now presents an opportune moment to explore three top-tier cannabis stocks. Prepare to seize the potential rewards of federal legalization.

Verano Holding (VRNOF)

Established in 2021, Verano Holdings (OTCMKTS:VRNOF)

Amidst escalating anticipation, federal agencies in the U.S. are poised to rework cannabis regulations.

The surge in support for cannabis legalization has reached unprecedented levels, offering promising prospects for cannabis stocks. According to a recent Gallup survey conducted in November, a remarkable 70% of Americans now advocate for cannabis legalization, marking a historic pinnacle in public sentiment. This groundswell is further bolstered by the increasing number of states legalizing cannabis for both recreational and medical purposes, as well as the Biden Administration's pardon of individuals convicted of simple possession.

Furthermore, there is mounting excitement surrounding the potential reclassification of cannabis by federal agencies such as the Drug Enforcement Administration (DEA). Additionally, with several states gearing up to include marijuana legalization measures in the upcoming 2024 election, the momentum shows no signs of abating.

Given these developments, now is an opportune time to explore three top-notch cannabis stocks. Get ready to seize the potential benefits of federal legalization.

Curaleaf Holdings (CURLF)

Curaleaf Holdings (OTCMKTS:CURLF) continues its steady march forward, showcasing an impressive 89.4% surge in stock value over the past half-year. This notable ascent hints at the commencement of an extended growth phase, underpinned by Curaleaf's expansive operational reach spanning 17 different U.S. states.

Adding momentum to its growth trajectory, Curaleaf's recent acquisition of Can4Med in Poland signifies a significant foray into the European market. This expansion serves as a pivotal driver for future growth, highlighted by a remarkable 120% increase in international cannabis revenue, reaching $16 million in the third quarter of 2023.

Despite somewhat subdued results in Q3, Curaleaf maintains robust financial health. With a solid adjusted EBITDA margin of 23% and favorable operating and free cash flows, CURLF stands poised to ramp up investments following potential federal-level legalization.

High Tide (HITI)

High Tide (NASDAQ:HITI) emerges as a leading contender in the Canadian cannabis scene, impressively navigating the market’s challenges. With operations extending across four states in North America, the firm showcases its capacity to thrive post-legalization

Furthermore, with its ingenious discount club model and membership programs, High Tide is on track to reach profitability by 2025. From its humble beginnings, company revenues have soared to an impressive C$487.7 million in FY2023. This upward trajectory, marked by a stellar 37% revenue increase over the last year, highlights High Tide’s operational prowess.

Additionally, HITI’s venture into owning 80% of three distinct cannabinoid brands across the U.S., U.K., and beyond, and its foray into cannabis accessories online diversifies its market position. These strategic moves fortify its standing as an attractive investment in the rapidly expanding cannabis sector.

The author of this article is not a securities expert and this is not financial advice. You should always contact a licensed professional before investing