Will These 2 Marijuana Stocks Build More Momentum In The Market?
December has been a volatile month for many marijuana stocks in the cannabis industry. Although the start of this year has been quite bad for marijuana stocks. However, the better half of 2020 has shown that there may a second green wave on the horizons. Yet right now the long term is the focus in the cannabis industry. Many cannabis companies getting prepared for 2021. Furthermore because of the coronavirus, finding a marijuana stock to buy may be easier than you would think. Over the last few months, many top cannabis stocks have reached new highs. As get closer to the end of the year there may be some marijuana stocks to watch that should be on your radar.
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Many of these particular cannabis companies figuring out to free up extra capital to continue operations or offset any potential losses. This is in addition to seeing an influx of trading while recovering from previous lows at the start of 2020. Some analysts have said due to the cannabis market being so young no one knows what its true growth potential is. Many of the top pot stocks in the market are still growing and showing that as a company the skies the limit. Many thought the Coronavirus would slow down the industry but in fact, it helped to develop at a faster pace. Which created more revenue for the cannabis industry as a whole. This is also said with 5 new states soon to be operational with legal cannabis. So with 2021 around the corner marijuana stocks and the cannabis industry are looking good.
Marijuana Stockwatchlist This Month
Jushi Holdings Inc. (JUSHF Stock Report)
KushCo Holdings Inc. (KSHB Stock Report)
Is This The Best Marijuana Stock To Watch Jushi Holdings Inc. (JUSHF)
Jushi Holdings Inc. is one of the top marijuana stocks that have been trading up for most of 2020. If you look back at the month of November 2020 JUSHF stock went up over 37% during that time. Like most pot stocks it wasn’t till after March and the recent passing of the MORE Act did the market start to recover for marijuana stocks. So far for December JUSHF stock has increased by 22%. This shows consecutive monthly growth and so far for YTD JUSHF stock is up over 240$. This is not only an indicator of true growth but also that investors believe in the potential of this marijuana stock.
In recent news, the company announced it has opened its second retail location in Sauget, Illinois. This is Jushi’s 13th national store and the company’s third retail location in Illinois.
“Located in the heart of Metro East’s nightlife, our second retail location in Sauget and third in the state will help to meet robust consumer demand for high-quality cannabis products in the Prairie State,” said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi. “We have been very successful in procuring top-notch cannabis products and we continue to raise the bar for what an updated, in-store, digital and customer-first retail experience can deliver. As one of our core markets, we remain optimistic about new organic and inorganic growth opportunities in Illinois. In the coming year, we will continue to broaden access with an additional store opening in Bloomington, Illinois and explore new growth opportunities that deliver value to both our loyal customers and shareholders.”
Is This The Best Marijuana Stock To Watch KushCo Holdings Inc. (KSHB)
KushCo Holdings Inc. is much-needed marijuana stock in the industry. The company operates by providing ancillary products to the cannabis industry. Some of these products consist of vaporizing products as well as consumer packaging and CBD goods to name a few. Currently down from the close on December 18th KSHB has recovered well from lows at the start of the year. From the end of September, KHSB stock has moved upward in the market. From the 23rd of September to the first trading day in November KHSB stock over 70%. If you look at where KSHB dropped in price on November 20th and held till December 21st you would have made a gain of 42%. This marijuana stock trying to stay consistent with its price movement and is looking like 2021 may have more momentum on its way.
Helping drive this potential momentum may be in part the company’s recent news. The company has recently announced that they will partner with Mascot Books to collect and distribute 100,000+ books for children across the nation, as part of KushCo’s “Children in the Community Book Drive.”
“We are so grateful to all of our donors and recipients for taking part in this incredible initiative to help children across the country gain access to much-needed books, especially at a time when the COVID-19 pandemic has been straining our national and local educational system,” said Rhiana Barr, KushCo’s Chief People Officer. “At KushCo,
Marijuana Stock To Watch Final Thoughts On KushCo Holdings Inc.
News like this lets shareholders know that the company is doing all they can beyond just work to give back. This will also help to attract new potential investors. As well this may create a good push of momentum if this news can resonate well during this week’s trading. For now, the company is pushing upward in the market little by and showing potential growth heading into the new year
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