Best Marijuana Stocks While Market Is Down In January

Top Marijuana Stocks To Keep On Your Scanners

The cannabis industry is going through what some may call a transition. As legal cannabis becomes more legitimate more changes are happening. For starters, more states are looking to legalize cannabis. As well as the improvement of regulatory concerns. Even with cannabis still federally illegal more than half of the United States has legalized it in some form. With most places having established legal markets more people want in on the action. Now this leads people to not only seek out the best marijuana stocks to buy but other opportunities as well.

Depending on the state entering into the industry can be tough. For example, it is not as easy as growing and selling cannabis to consumers. Operating a grow or even a dispensary can be a long grueling process that deals with a lot of time money and politics. So some prefer the road less traveled and look for ways to enter the industry without touching the plant. This has led to an increase in smoke shops and grow stores around the US.

The overall success of legal cannabis from seed to sale to how it is consumed is changing. Often when there is positive change that will lead to more growth comes more ways to invest. That is why marijuana stocks are a simple way to invest and take advantage of any future gains. Just remember to do your research and have a trading plan that works for you. The companies mentioned below are several marijuana stocks to watch in 2024.

Top Marijuana Stocks For Your Watchlist

  1. Cresco Labs Inc. (OTC:CRLBF)
  2. Curaleaf Holdings, Inc. (OTC:CURLF)
  3. Verano Holdings Corp. (OTC:VRNOF)

Cresco Labs Inc.

Cresco Labs Inc. together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. On November 15th the company reported their Q3 2023 financial results. Cresco Labs

Q3 2023 Highlights

  • Third quarter revenue of $191 million, with retail growth and strong performance in core markets helping to offset purposeful attrition from divested assets.
  • In comparison to Q1, when the Company initiated the Year-of-the-Core strategy, adjusted gross margin1 increased by over 480 bps, adjusted SG&A1 decreased by
    $40 million on an annualized basis and adjusted EBITDA margin1 rose by over 1000 bps.
  • Generated $62 million in operating cash flow through the first nine months of the year.
  • Gross profit of $94 million, 49% of revenue.
  • Adjusted gross profit1 of $96 million and adjusted gross margin1 of 51%, up 373 bps from the second quarter.

Curaleaf Holdings, Inc.

Curaleaf Holdings, Inc. operates a cannabis operator in the United States. It operates through Domestic Operations and International Operations segments. The company engages in the cultivation, production, and sale of cannabis products through retail and wholesale channels. marijuana stocks to watch Curaleaf Holdings (CURLF) (CURA)

On December 1st the company announced the opening of yet another dispensary. This new Curaleaf dispensary is located in Sarasota, FL.

[Read More] 3 Marijuana Stocks To Watch As The Cannabis Industry Continues To Grow

Verano Holdings Corp.

Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis throughout the United States. VRNOF

On November 17th, the company announced the opening of MÜV North Miami-Biscayne. This makes for Verano’s second Miami dispensary and 73rd Florida location.

[Read More] Are These Marijuana Stocks Ready To Move?

Words From The Company

“We are so excited to open MÜV North Miami on beautiful Biscayne Boulevard,” said Joel Noonan, EVP of the Southern Region. “Adding a second MÜV location in Florida’s largest market provides another convenient location for the Miami medical cannabis community to access our patient-centric service and a wide variety of high-quality products in a warm and welcoming environment.

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 |
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