Green Thumb Industries (OTC: GTBIF) is presumably on the hunt for a new president, following the resignation of the man previously occupying the job, Armen Yemenidjian. The move was announced by the company late on Monday. It did not state whether it has yet found a replacement. According to Green Thumb's press release, Yemenidjian is stepping down to spend more time with his family. However, the company added that he will continue to work with it over the next six months. During that time, it quoted him as saying he is "committed to helping the company do what it takes to continue to achieve its goals." Yemenidjian's continued efforts will focus on Green Thumb's operations in Nevada, where he resides, and California. Both states have legalized the sale and consumption of recreational marijuana, and are thus considered attractive markets for cannabis businesses. Image source: Green Thumb Industries. The cannabis company has a particularly strong presence in the retail segment in Nevada. Its Essence dispensary chain has three outlets in the state, with one located on the high-traffic Strip in Las Vegas. Meanwhile, its Rise brand operates a pair of Nevada stores. Green Thumb is headquartered in Chicago, which is currently a hotspot in the licensed marijuana market. Illinois is the latest U.S. state to legalize recreational cannabis, taking that distinction on Jan. 1 when its new cannabis law kicked in. Green Thumb has a clutch of dispensaries in Illinois. The company's stock traded flat on Tuesday. That made it a slightly better performer than most equity markets, which were down marginally on the day. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 11 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn moreEric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Green Thumb Industries. The Motley Fool has a disclosure policy.Source