The U.S. House of Representatives passed legislation on Monday to allow banks to provide services to cannabis companies in states where it is legal.
Republicans are increasingly warming up to adult-use cannabis legalization given the jobs and tax revenue opportunities, Cowen Inc. analyst Vivien Azer said Tuesday on CNBC's "Squawk On The Street."
As more states move toward legalization of cannabis, the analyst said she likes three U.S names in particular.
"Our best idea" is Green Thumb Industries Inc GTBIF, Azer said.
The analyst also has Outperform ratings on Curaleaf Holdings Inc CURLF and Trulieve Cannabis Corp TCNNF.
Related Link: These OTC Securities Had The Most Trading Activity In March
Price Action: Green Thumb was down 2.11% to 26.58 at last check Tuesday.
Curaleaf was down 3.31% to $12.66 at last check Tuesday.
Trulieve was down 2.40% to $36.60 at last check Tuesday.
(Image by Brent Barnett from Pixabay)
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