Which Marijuana Stock Will Be the Best in the U.S.?
As the U.S begins to usher in the new president-elect the marijuana stock sector saw a rally across most cannabis stocks to buy. Last week leading Canadian cannabis stock Aurora Cannabis (ACB Stock Report) led the way gaining more than 50% at Friday’s close. In addition, the stock was up almost 94% in trading action at one point. So, the question now is which marijuana stocks will be winners in the U.S Cannabis industry? At the present time, there are many marijuana companies gunning for their piece of the U.S market share. As always some will be more successful than others when expanding into the U.S. Cannabis sector. With this in mind let’s take a closer look at 5 marijuana stocks to watch in November 2020.
[Read More]Best U.S Pot Stock to Invest In #1: Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. (IIPR Stock Report) has recently reported better than expected numbers in this latest quarter. As a real estate company to the licensed U.S cannabis industry, IIP is uniquely positioned to grow with the U.S marijuana sector. The company beat earnings expectations by 16% with sales of $34 million in the quarter. After these results, many analysts have now predicted Innovative Properties to produce revenue of $190.8 million in 2021. In detail, this would be a 96% increase in its sales in the past 12 months. Given that some analysts have given IIPR stock a price target of $177 a share the company could see more gains at the end of 2020.
Best U.S Pot Stock to Invest In #2: Trulieve Cannabis Corp.
Trulieve Cannabis Corp. (TCNNF Stock Report) is a leading U.S. cannabis company based in the U.S. that has focused its expansion in the state of Florida. Currently, the company has 65 dispensaries across the state and a total of 67 nationwide. In fact, Trulieve has over 50% of the market share in Florida and has performed well for cannabis investors. In fact, TCNNF stock closed at YTD highs on Friday with a stock price of $25.75. Recently analysts have given TCNNF stock a median price target of $35.75 with a high estimate of $60 and a low of $26.45. With this in mind, TCNNF stock could have some possible upward momentum going into 2021. As it begins to expand into California, Massachusetts, and Connecticut TCNNF stock is marijuana stock to watch in 2020. 
Best U.S Pot Stock to Invest In #3: Green Thumb Industries Inc.
Green Thumb Industries Inc. (GTBIF Stock Report) has been working to establish its presence in the states recently opening its 49th dispensary location nationwide. The company had better than expected revenue in Q2 of 2020 and is set to report its Q3 earnings this week on November 11th. In fact, GTBIF stock is on this marijuana watchlist because good earnings could send this stock trading higher. Although the stock has already seen triple-digit percentage gains in 2020 cannabis investors could take GTBIF stock up in anticipation of a positive earnings report. Currently, the stock is reaching YTD highs to start the week and could continue in its upward momentum in the market. 
Best U.S Pot Stock to Invest In #4: Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. (CURLF Stock Report) is a vertically integrated US multi-state operator with a mission to improve lives through cannabis. The company operates in 23 states with 95 dispensaries 23 cultivation sites and over 3000 employees. Recently on November 6th Curaleaf announced it would be selling some assets to optimize its presence in Maryland. As it stands the companies purpose for the sale is to follow regulations that allow operators a single grow and a single processor in the region. CURLF stock is also starting the week with a 5-year high of $10.84.
As increased investors look toward the marijuana industry for gains the stock could see more upside for November. Provided that the cannabis sector continues its climb to start the week there is a chance CURLF stock could go higher. American marijuana legalization has created a cannabis stock rally and investors are waging bets on companies like Curaleaf.
Cannabis Stock Volatility
It’s important to realize, that traditionally the pot stock sector is one of the most volatile in the stock market. Although many cannabis stocks saw gains last week, new cannabis investors should be aware of price fluctuations with marijuana stocks. With this in mind do your due diligence on a company and establish the best possible investment for your portfolio. At the present time leading U.S. marijuana stocks look promising with federal legalization a possibility in 2021. So long as these things fall into place the cannabis industry could have monumental growth next year.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
