Top Cannabis Stocks For Cannabis Investors 2024
Marijuana stock investors are prepping for future trading. Many who are invested in cannabis are focused on the long term. With how volatile the sector can be there have been some moments to take profits. However, with the need for better regulations and all-around reform planning for the future is where many feel the money is. Currently, there is no federal reform in place even with the DEA’s approval to reschedule cannabis.
The growth of the cannabis industry has been undeniable with over 50% of the USA having some legal market in place. These markets are showing that cannabis is a business looking to be as legitimate as any other industry. Hopefully, reform banking measures can be passed so that legal operators have access to the same benefits as other legal businesses.
There is still much more to be done to help the sector reach better efficiency. Yet while this happening many are looking for ways to find top marijuana stocks to buy. The popularity of cannabis investing is booming once more and people want to be a part of it. With careful planning and thorough due diligence, it’s possible to put together a cannabis portfolio of profitable cannabis companies. Below are several marijuana stocks to watch in today’s stock market.
Marijuana Stocks For Your 2024 Portfolio
- Tilray Brands, Inc. (NASDAQ:TLRY)
- Canopy Growth Corporation (NASDAQ:CGC)
- Cronos Group Inc. (NASDAQ:CRON)
Tilray Brands, Inc.
Tilray Brands, Inc., a lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally.
The company operates through four segments: Beverage Alcohol, Cannabis, Distribution, and Wellness. In recent news, the company reported a record financial result of a 26% increase in net revenue increase.
Words From The Company
Irwin D. Simon, Chairman and Chief Executive Officer, stated, “Tilray Brands is leading the convergence of cannabis, beverages, and wellness on a global scale. In Fiscal 2024, the Company achieved remarkable growth across its businesses, with a 26% increase in net revenue over the prior year, record-breaking performance in gross profit and adjusted EBITDA, and generated positive adjusted free cash flow for the fiscal year.”
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Canopy Growth Corporation
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally.
On July 26th the company announced it would be reporting its first quarter 2025 financial results. The company is planning this release for August 9th, 2024. Following the release of its first quarter fiscal year 2025 financial results, Canopy Growth will host an audio webcast with David Klein, CEO, and Judy Hong, CFO.
[Read More] Top US Marijuana Stocks to Watch in August 2024
Cronos Group Inc.
Cronos Group Inc. operates as a cannabinoid company that engages in the cultivation, production, and marketing of cannabis products in Canada, Israel, and Germany. Back in July, the company announced it would hold a conference call to discuss its Q2 earnings on August 8th.
Cronos’ senior management team will discuss the Company’s financial results. They will be available for questions from the investment community after prepared remarks.
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