With an impressive $6 price target, Flora Growth Corp. (NASDAQ: FLGC) is an emerging player that is already capitalizing where nations allow cannabis. Trump's presidential victory could spark massive momentum for the cannabis space and for FLGC's business!
Former President Donald Trump has won a second term in office, defeating Vice President Kamala Harris in the race for the White House on a platform that included support for state-level marijuana legalization and limited federal cannabis reforms. One of the Trump administration's most significant cannabis developments to occur during his first term was signing the 2018 Farm Bill. This move legalized hemp creating a massive market for a crop that had been prohibited for more than 80 years as a federally controlled substance. Could federal prohibition of cannabis be on its last legs?
Florida-based Flora Growth Corp. (NASDAQ: FLGC) may benefit from less restrictive cannabis policies and already operates across several regulated markets globally.
FLGC's goal is to become the leading NASDAQ small-cap international cannabis company in the world! This multi-national cannabis company manufactures and distributes consumer packaged goods, medicinal cannabis and pharmaceutical products in all 50 states and 28 countries with 20,000+ points of distribution around the world. FLGC has been actively acquiring companies over the past few years in hopes of expanding its business both in the U.S. and globally. FLGC's own CEO is so optimistic about the company's growth potential that he has purchased 1.3 million shares!
Discover why FLGC has an impressive $6 price target from ROTH MKM!
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