Top U.S. Marijuana Stocks to Watch in October 2025: Trulieve, Curaleaf, and Green Thumb Dominate the Industry

Industry Overview - The U.S. cannabis industry is projected to exceed $45 billion by 2025, driven by strong consumer demand and expanding state-level access [1] - The sector supports over 400,000 full-time jobs and contributes billions in tax revenue annually [1] - Recent developments indicate potential federal government reclassification, enhancing optimism among investors [1] Company Highlights Trulieve Cannabis Corp. (TCNNF) - Trulieve operates over 190 dispensaries across 11 states, with a strong presence in Florida, Pennsylvania, and Arizona [3] - The company reported revenue near $290 million in Q2 2025, with a gross profit margin of approximately 50% [6] - Trulieve's net income improved year-over-year, and it reduced long-term debt, strengthening its balance sheet [6] Curaleaf Holdings, Inc. (CURLF) - Curaleaf operates in over 17 states with more than 150 dispensaries, primarily in Florida [7] - The company reported revenue of roughly $310 million, maintaining a gross margin near 50% [9] - Curaleaf narrowed its net losses and focused on high-performing states and premium product categories [9] Green Thumb Industries Inc. (GTBIF) - Green Thumb operates more than 90 dispensaries across 15 states, with significant retail strength in Illinois, Pennsylvania, and Florida [10] - The company achieved nearly $305 million in revenue, with gross margins around 52% [11] - Green Thumb improved its net income year-over-year and maintained a solid cash position for reinvestment [11] Market Sentiment - Investors are closely monitoring U.S. marijuana stocks as industry sentiment improves and market catalysts align [1][2] - Traders are employing technical and fundamental analysis to navigate the volatile cannabis market effectively [2]