Here Is What Is Going On With Marijuana Stocks
Marijuana stock investors are plagued by the same variables that have continued to fuel the sector. Unfortunately, this same cause and effect has led to its volatile trading. Now with this volatility comes pros and cons depending on the position you are in. If there is a moment where the sector begins to rise then this would be where most would take profits. On the other hand, when there is a volatile decline it is a chance to find marijuana stocks to buy.
Also with DEA still working to reschedule cannabis the wave of upward trading has begun to slow down. The cannabis industry is thriving on many levels while it’s still developing. With more success people are trying to take better steps to make the right investment choices. There are some companies that as a business are doing well but have not had that same success reflected in the stock market. The thing with cannabis stocks is they can be so unpredictable and many factors can dictate how they trade.
That is why research and creating a trading plan can be a big help when looking to find top marijuana stocks to watch. The entire sector is still changing and the future of what will take place is based on speculative trading at this time. Below are some top marijuana stocks that could add some value to your investment portfolio.
Top Marijuana Stocks To Watch Today
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Verano Holdings Corp. (OTC:VRNOF)
- Green Thumb Industries Inc. (OTC:GTBIF)
Trulieve Cannabis Corp.
Trulieve Cannabis Corp., together with its subsidiaries, operates as a cannabis retailer. The company cultivates, processes, and manufactures cannabis products and distributes its products to its dispensaries, as well as through home delivery.
In recent news, the company is set to open a new dispensary in Orlando. A grand opening celebration will be held Friday, August 30, beginning at 9 a.m.
Words From The Company
“We are excited to offer Orlando-area patients another convenient shopping option with our Semoran location,” said Trulieve’s Chief Executive Officer Kim Rivers. “We look forward to bringing more of our renowned value and quality to patients in Orange County.”
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. On August 22nd the company announced the closing of the acquisition of Arizona and Virginia subsidiaries of The Cannabis Company.
This will make the subsidiaries the exclusive cannabis operator in HSA 5 in easter in Virginia. What this will do is grow the company and strengthen its Arizona footprint. This deal puts Verano’s presence in 14 states 15 cultivation and production facilities and 150 dispensaries nationwide.
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.
[Read More] September Watchlist: Leading US Marijuana Stocks Poised for Growth
Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells cannabis products for medical and adult use in the United States. It operates through two segments, Retail and Consumer Packaged Goods.
At the end of July, the company announced it had opened a new RISE dispensary in East Syracuse. This location has allowed the company to serve more customers in the Empire State.
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