You Should Know This About Marijuana Stocks And The Cannabis Industry
Many marijuana stock investors are focused on the future as there is much in the works. For instance, with it being an election year we could see another moment of build-up for a major letdown. Yet even if presidential candidates do not do anything for legal cannabis speculation could still create momentum. As well there are more legal operators looking to show innovation. Plus continued growth as legal cannabis becomes viewed as a legitimate industry.
There are more legal operators working on various projects to ventures to become front runners of this conserably young sector. The start of the green rush began around 2016 when California went rec from being a medical state back in 1996. Shortly after 2016, the 2018 Farm Bill gave even more tools for building the current state of the cannabis industry.
Now it is no secret that there are still a lot of improvements that need to be done across the board. However, investing in a growing industry before it hits its full potential is what investing is all about in some form. Being able to get in on the ground floor is how many people have made large profits in the past and the same holds today. Below are some marijuana stocks to watch as the sector continues to evolve into the future.
Marijuana Stocks To Watch This Month
Verano Holdings Corp. (OTC:VRNOF)
Greenlane Holdings, Inc. (NASDAQ:GNLN)
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. In recent news, the company has closed on the acquisition of The Cannabist Company. 
Currently, the Cannabist will be the exclusive operator for HSA 5 in eastern Virginia. This has allowed Verano to strengthen and expand its business in Arizona.
Verano Management Commentary
“Our entrance into Virginia provides near-term growth potential within the existing medical program, and adds yet another valuable market to our footprint with a high probability of adult use in the near future,” said George Archos, Verano founder, Chairman and Chief Executive Officer.”
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Greenlane Holdings, Inc.
Greenlane Holdings, Inc. engages in the development and distribution of cannabis accessories, vape devices, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. In late August the company announced it will be presenting at the National Investment Bankers Association Conference. 
This conference is set to take place on September 5th in Florida. Management will present and conduct one-on-one meetings with NIBA members, including over 250 investment bankers and many others at that time.
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Words From The CEO
“Today Greenlane is leaner and more focused, allowing our teams to innovate faster and deliver on our promise to better align our expense base with our current revenue trends,” said Barbara Sher, Chief Executive Officer for Greenlane. “The actions taken in the first half of 2024 and going forward are designed to make us a more efficient, uncomplicated, and quicker-moving company.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
