Here Are 3 Marijuana Stocks That Could Soon Rise
As the cannabis industry continues to grow, marijuana stock investors look to capitalize. It’s not a secret that the cannabis sector has high levels of volatility. This is caused by several factors, which are often fueled by industry growth among companies or laws and regulations. Over the last several years, the industry has evolved tremendously.
From once being a taboo topic to now being a billion-dollar industry the numbers are growing. Right now the biggest help would be better reform of tax structures and cannabis licensing. This acceptance of cannabis has motivated more people to invest and find the best marijuana stocks to buy. Because it is an election year presidential candidates are voicing the support for legal cannabis. Not long ago Donald Trump voiced his support for the FL recreational bill if it was set up efficiently.
As well Kamala Harris has recently spoken in favor of legal cannabis. Vice President Kamala Harris is making in known that she is working to pass federal reform. She is putting a plan together that will ensure that access to cannabis is “the law of the land.” With this news, the sector could see better trading or a slight uptick in action due to speculation. As an investor you want to be prepared to execute whether buying or selling. Below are several marijuana stocks to watch this week.
Top Marijuana Stocks For You 2024
- Green Thumb Industries Inc. (OTC:GTBIF)
- Jushi Holdings Inc. (OTC:JUSHF)
- Planet 13 Holdings Inc. (OTC:PLNH)
Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells cannabis products for medical and adult use in the United States. In recent news, the company announced it is preparing to report earnings.
The company is set to hold a 3rd quarter 2024 earnings conference call on November 7th. Earnings will be released after the market closes that day.
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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. It’s been some time since the company has released any new updates.
Yet back in September, the company announced options being issued to executive officers. Now over the last week, the company has seen a slight uptick in trading. This week JUSHF stock may continue to see more momentum with all that is occurring in the sector.
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Planet 13 Holdings Inc.
Planet 13 Holdings Inc., together with its subsidiaries, cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States.
In September the company announced it had executed its Nevada retail expansion strategy. This was carried out with a proposed acquisition of Las Vegas Dispensary.
Words From The Company
“Increasing our scale, operating leverage and verticality in Nevada is one of the most cost-efficient levers for profitable growth we have, and this dispensary couldn’t be a better fit for our portfolio. Their location and more local focus customer base complements our SuperStore and other Nevada neighborhood store,” said Bob Groesbeck, Co-CEO of Planet 13.