August Could Show Gains For These Leading Pot Stocks to Watch
For the most part, the past few months have been quite good for marijuana stock investors. Although there have been some days of losses, the majority of that time has seen bullish sentiment for marijuana stocks. If we look at overall charts for the past three months, we see that the majority of pot stocks to watch have gained by some amount. On the more popular end of the cannabis industry, these gains sit around 30-40%, and on the smaller side, they are around 10-20%. As we know, gains are gains, and positive sentiment in the cannabis industry is good for all.
Although we do have some days where pot stock prices correct themselves, the cannabis industry has been on a long streak. This is due to the rising projections for the cannabis industry’s future. During the COVID pandemic, we have seen demand for cannabis flower shoot up around North America. Because of this, many major pot stocks to watch have reported better earnings than usual. With that in mind, it may be time to take a look at some of the smaller pot stocks to watch.
A Marijuana Stock With a Broad Approach to the Cannabis Industry
KushCo Holdings Inc. (KSHB Stock Report) is one of the leading small cap ancillary pot stocks to watch. In the past, KSHB stock has been known to be quite volatile. But, the company continues to work in a highly lucrative area of the cannabis industry. KSHB stock has made the majority of its gains from working in the packaging area of the industry. With so many restrictions on how cannabis can be packaged, companies tend to give this work to businesses like KushCo.
For this reason, KSHB stock has managed to grow substantially alongside the rest of the cannabis industry. The company states that it is “the nation’s largest, most respected, and premier provider of vaporizer products, packaging, supplies, and accessories.” As we can see, the company works in many different areas of the cannabis industry. One of the best ways to see gains for pot stocks is to find a company that has a broad market. Because KushCo works in so many areas of the industry, it remains one of the broader, marijuana stocks to watch.
A Popular Cannabis Retailer Pot Stock
Planet 13 Holdings Inc. (PLNHF Stock Report) is one of the most popular U.S. cannabis retailer pot stocks. For those who don’t know, PLNHF stock has made a majority of its gains from selling cannabis in the Nevada area. Specifically, Planet 13 Holdings owns an appropriately titled SuperStore spanning more than 115,000 square feet. This store has provided PLNHF stock with a lot of much-needed notoriety in the past few years. With the success of this store on the Las Vegas strip, the company has since worked on moving into the California market.
While retailing cannabis on its own may not be the most lucrative on a small scale, the company has stumbled upon a very solid business model. Planet 13 has realized that it is able to build a vertically integrated cannabis retail model around one physical location. With this, it has been able to maximize profits and produce large quantities of high quality cannabis. Although it does remain on the more volatile side, PLNHF stock definitely stands as a pot stock to watch.
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