Here Is How To Trade Marijuana Stocks In Volatile Space
More people are looking for ways to invest in legal cannabis. This interest has led most marijuana stocks to learn about the various companies. Back in November, many marijuana stock companies reported their Q3 earnings, with some having strong reports. At this time, volatility lowered and the upward momentum increased for a short window. Often with how unpredictable the sector can be, there is a strong volatile presence.
For much of the time cannabis companies trade at bottom prices making the search for marijuana stocks to buy a more attractive option. With the current state of the cannabis sector, many see it as a long-term play. Once better reform measures are introduced it holds a chance to lighten the volatile action. The cannabis industry overall has seen tremendous growth through many transitional phases. Now there is wide acceptance for cannabis that was not present once before.
This has allowed more people and companies to enter the space and grow alongside others in the industry. As this occurs investing becomes inevitable and this is where taking steps to educate yourself is key. The more you know the better you can strategize for potential profits. Preparation is always essential in all things we do and investing is now different. Below are several marijuana stocks to watch to kick your week off.
Top Marijuana Stocks For Traders
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Green Thumb Industries Inc. (OTC:GTBIF)
- Jushi Holdings Inc. (OTC:JUSH)
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 has opened another location in Florida. On December 13th Trulieve will have a grand opening to celebrate its new Tampa location.
Words From Kim Rivers
“This dispensary offers a new, convenient shopping location for Tampa patients and caregivers,” said Trulieve’s Chief Executive Officer Kim Rivers. “We are proud to expand access to medical cannabis in Hillsborough County with affordable, high-quality products and elite customer service.”
[Read More] Top Picks: Ancillary Cannabis Stocks Gaining Momentum in the Past Month
Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells of cannabis products for medical and adult use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. 
In more recent news the company announced it has bee repaid on its loan to Cansortium. Following Cansortium’s recent financing, Green Thumb received approximately $23 million of principal plus 13% accrued interest, adding to its Q3 ending cash balance of $174 million.
Words From The CEO
“I want to congratulate the Cansortium team on their announcement yesterday and wish them well with the upcoming business combination with RIV Capital,” said Ben Kovler, Green Thumb Founder, Chairman and Chief Executive Officer.
[Read More] Investing in Cannabis: Best Marijuana Stocks for December 2024
Jushi Holdings Inc.
Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. In early November the company reported its Q3 2024 earnings. 
Q3 2024 Keymentions And Highlights
- Total revenue of $61.6 million
- Gross profit and gross profit margin of $28.0 million and 45.4%, respectively
- Net loss of $16.0 million
- Adjusted EBITDA1 and Adjusted EBITDA margin of $10.3 million and 16.8%, respectively
- Cash, cash equivalents, and restricted cash of $22.9 million as of quarter end
- Net cash flows provided by operations of $2.4 million
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