Marijuana Stocks To Watch As Federal Reform Bill Makes It Through The House
Now that the House has passed the MORE Act for the second time how will marijuana stocks react? The Marijuana Opportunity Reinvestment and Expungement Act would federally legalize cannabis. With the vote being approved by the House this past Friday Monday could be an eventful day for marijuana stocks. Many marijuana stock investors have been anticipating this momentum.
The reason for this is historically when positive news on the matter surfaces marijuana stocks normally react well. With several federal reform proposals set up to be voted on investors are using it to their advantage. Specifically, as the market still shows volatile trading people are buying the dips as much as possible.
The purpose of this speculation is based on the idea that marijuana stocks will rise with the passing of the bill. Now, this is not a guarantee but as said above history has shown good news on federal reform resonates well for most marijuana stocks.
More People Want To Invest In Marijuana Stock
For those who are looking to invest in marijuana stocks, this could be your moment. As volatility is still a factor when the market does have some pullback that can be an opportunity. So when the sectors start to decline it can be a chance to find top marijuana stocks to buy. Or at the very least create a watchlist for possible marijuana stocks to buy.
Take your time and do your research on each possible cannabis company. With much to be seen this year, it’s possible for new investors to get in on the action. Make sure you build a game and plan and trade based on that strategy. Marijuana stocks trade in one of the more unpredictable sectors so always invest with caution and optimism. The companies below are a few marijuana stocks to watch as the House has passed the MORE Act again.
Marijuana Stocks To Watch Right Now
- Green Thumb Industries Inc. (OTC:GTBIF)
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Curaleaf Holdings, Inc. (OTC:CURLF)
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. In the last 2-3 weeks the company has made some important announcements. On March 24th the company announced it will continue its community investment initiatives. This is being done through the way of donations to Olive Harvey College in Chicago.
Following this Green Thumb announced it will host a conference call on May 4th to discuss its Q1 2022 earnings. More recently the company announced it will be participating in a few upcoming conferences. April 6-April 7 2022 management will participate in one-on-one meetings at the BTIG Global Virtual Cannabis Conference. The other conference will be the 2nd Annual Cantor Virtual Cannabis Conference, April 12 – April 14, 2022.
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. together with its subsidiaries operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, On April 1st the company announced it will start the sale of Adult-use cannabis at the Napa retail location Trulieve’s Harvest of Napa location will be among the first adult-use dispensaries to operate in Napa.
Napa’s City Council approved a new ordinance on February 1 to allow adult-use cannabis retailers and manufacturers. Harvest of Napa was the first dispensary open to Napa patients in December 2018. As well the company also released its most recent earnings. These current earnings for the company showed record-breaking revenue and a transformative year.
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates as a cannabis operator in the United States. It operates in two segments, Cannabis Operations, and Non-Cannabis Operations. The Cannabis Operations segment engages in the production and sale of cannabis through retail and wholesale channels. Furthermore, in the last month, the company has released some important news. Back on March 14th, the company announced it has appointed Neil Davidson as Interim Cheif Financial Officer.
Mr. Davidson served as Curaleaf CFO from 2019-to 2020 and as Chief Operating Officer until recently. He now will serve in the CFO role while the Company searches for a permanent replacement. Current CFO Ranjan Kalia is leaving the company to pursue other career opportunities. Following this news Curaleaf Holdings was listed by TIMES as one of the world’s 100 most influential companies. Hopefully, this positive news will at some point transcend into better trading for the company.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | email@example.com