Here Are 2 Pot Stocks To Watch For Better Trading Momentum
Why do setbacks with reform and state-level regulations create issues for marijuana stocks? Well, much of this comes down to fear of the unknown. Even with over half of the USA legalizing cannabis there is still a fear of investing. Nobody wants to be left holding the bag and taking a loss. Especially when it comes to spending your own capital on it. The truth is there is a good amount of uncertainty when it comes to investing in cannabis.
But with all that has occurred in the industry even with no federal reform, it’s safe to assume there is no shutdown or any federal that will stop the legal cannabis space. The DEA has recently agreed to reschedule cannabis as it acknowledges it’s time for a change. Not to mention the growing demand for more cannabis and more partnerships happening as well. So even with some fearing what’s next others are preparing for the future of the cannabis industry.
Now is a great time to learn and educate yourself on cannabis investing. Understanding what to look for when buying and selling. This all takes time and patience but the outcome could yield you strong profits from taking risks when investing. The companies below are some examples of top marijuana stocks to watch today.
Top Marijuana Stocks To Watch 2024
- Green Thumb Industries Inc. (OTC:GTBIF)
- Cresco Labs Inc. (OTC:CRLBF)
Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells cannabis products for medical and adult use in the United States. 
In recent news, the company announced the opening of a RISE dispensary. This new dispensary is located in East Syracuse allowing more reach inside of the Empire State.
Words From The Company
“We are incredibly excited to continue our expansion in New York with the opening of our first RISE Dispensary in Syracuse this Friday. We have a number of team members that attended ‘Cuse who are thrilled to introduce our award-winning products to the community, including RYTHM, Dogwalkers, incredibles, and Beboe,” said Green Thumb President Anthony Georgiadis.”
[Read More] Top Marijuana Stocks For Investors To Keep On Their August Watchlist
Cresco Labs Inc.
Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. 
Recently the company reported its second quarter 2024 financial results. Which at this time showed consistent profitability for the company.
[Read More] Top Marijuana Stocks to Watch Right Now: Promising Investments in the Cannabis Industry
Second Quarter 2024 Highlights
- Second quarter revenue of $184 million.
- Gross profit of $95 million. Adjusted gross profit1 of $97 million up 4% year-over-year; and an Adjusted gross margin1 of 52% of revenue, a 570 bps improvement.
- SG&A of $54 million. Reduced Adjusted SG&A1 by 14% year-over-year to $53 million, or 29% of revenue.
- Net loss of $51 million which includes a one-time $61 million charge in the quarter related to the Company’s new tax position, as further described below.
- Second quarter Adjusted EBITDA1 of $54 million, up 33% year-over-year; and
- Adjusted EBITDA margin1 of 29%, an 880 bps improvement.
- Second quarter operating cash flow of $17 million and Free Cash Flow1 of $11 million.
- Retained the No. 1 share position in Illinois, Pennsylvania and Massachusetts2.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
