3 Cannabis Stocks To Watch This Month
When looking for the best marijuana stocks to buy having a clear trading strategy is key. For instance, before you invest in a cannabis stock you obviously want to do your research on the company. As well you should figure out if you want a portfolio with long-term or short-term investing or maybe both. Making this choice boils down to how you want to invest and how much time you want to spend trading.
Now with cannabis stocks having a renewed interest from investors due to the hopes of better cannabis legislation, there is a lot of anticipation for the future. Many people are looking to become part of the cannabis industry which is why a record-breaking amount of money has been invested into the sector. Right now the big focus is the U.S. cannabis industry as more states go legal and things start to develop with new markets.
With each new state that goes legal once operational, it can generate over $1 billion in revenue. If cannabis businesses can perform well most times it can add some positive sentiment in the market. Back in November when many cannabis stocks were able to report record earnings due to the increase in cannabis sales. Over the last 2 months, marijuana stocks have been picking up more momentum so far in 2021.
During the last 2 weeks of February, marijuana stocks began to fluctuate in price which created the opportunity to buy cannabis stocks off the dip. Now that we gave started a new month investors continue to scan the sector for more cannabis stocks to watch. These marijuana stocks below are examples of possible investments that may yield solid returns in 2021.
Marijuana Stocks To Watch This Month
- Green Thumb Industries Inc. (OTC:GTBIF)
- MedMen Enterprises Inc. (OTC:MMNFF)
- OrganiGram Holdings Inc. (NASDAQ:OGI)
Green Thumb Industries Inc.
Green Thumb Industries Inc. is a cannabis company that produces, distributes, and sells various cannabis products in the United States. Over the last 4 weeks of trading GTBIF stock has been able to recover from dipping at the end of January. This made trading in February an upward climb overall. In the first week of trading for February GTBIF stock went from $30.15 a share to $33.19 during this time making for a 10 percent increase in trading. 
Pushing forward over the next 5 days of trading GTBIF stock sustained its upward climb to reach new all-time highs on February 10th with a share price of $38.45. Even though GTBIF stock closed February down from previous highs the company did close the month with an overall 7 percent uptick in trading. Now that we are in March investors continue to keep an eye on the company as a marijuana stock to watch in 2021.
MedMen Enterprises Inc.
MedMen Enterprises Inc. is a cannabis company that owns and operates dispensaries across the United States. In recent news, the company has announced that it has entered into a definitive investment agreement with Ascend Wellness Holdings, LLC (AWH). This agreement is contingent on the approval from the New York State Department of Health and other applicable regulatory bodies in regards to legal cannabis in New York.
“We believe the proposed transaction will bring fresh capital and a new perspective to New York’s medical marijuana program and its patients,” said Abner Kurtin, Founder of AWH.
Even though the start of the new year brought with it a great deal of volatility for this marijuana stock more momentum might be on the way. Trading at the start of the new year MMNFF stock saw a subtle spike in trading. Yet it wasn’t until February when MMNFF saw its biggest upward push of the new year. 
In the first 2 weeks of February, MMNFF stock had a big surge in trading with a 760 percent increase in the market. Now the company has dropped significantly from this point but has still been able to sustain a small about of upward momentum. Investors are still wary of this marijuana stock due to issues with its business operations and financials. Yet in 2021 things may change as things progress for the cannabis industry.
OrganiGram Holdings Inc.
OrganiGram Holdings Inc. is one of Canada’s various cannabis companies that produces and sells cannabis and cannabis-derived products in Canada. Looking back at the last 6 weeks OGI stock has been picking up a bit more momentum. In the last 2 weeks of January, OGI stock had a slight decrease in trading before finding more momentum in the following month. In the first week of February OGI stock started to recover from the end of January’s trading. 
From the 1st to the 5th of February OGI stock made gains of 28 percent which only created more momentum as the month progressed. February 5th to the 10th the company had a nice rally that took them from a share price of $2.34 to $6.00 a share. This upward push produced gains of 156 percent. Currently, OGI stock has dropped from these highs in February but closed the month with gains of 66 percent. As March is now underway some analysts have left the OrganiGram on their radar as a marijuana stock to watch this month.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
