With the past few weeks showing some large bearish sentiment in the marijuana stock market, the past few days have helped to begin turning that sentiment around. Pot stocks have taken a big hit from all around the industry in recent months. This is due to a variety of factors. One of the main reasons for this stems from the fact that the majority of traders are trading off of speculation rather than inherent value.
This means that the market is subject to a much greater level of volatility than if it weren’t based on speculation. This volatility stems from the overarching them of pot stocks being a market still heavily in its infancy. Currently, pot stocks are only a few years old which means that the market is very new. Because of this, it can at times be difficult to establish a method for trading as well as a concrete strategy. Despite this, there are some key things to look out for when investing in pot stocks. Only a few key companies are illustrating that they have what it takes to succeed amidst fervent competition.
A Pot Stock Delving Into the CBD Market
Integrated Cannabis Company Inc. (ICNAF Stock Report) (ICAN) is considered to be an industry leader when it comes to the manufacturing of cannabis-infused products. The company is currently working out of the California and Nevada market, which represent two of the largest in the industry.
California on its own is considered to be one of the largest pot markets in the world. These vastly competitive markets represent a massive opportunity for Integrated Cannabis to take on. The main goal of the company is to deliver high-quality products that ensure the user is getting the most consistent experience possible. With this, they have been able to capture quite a large consumer base.
The company recently announced that its wholly-owned subsidiary, Ganja Gold, has launched its first CBD-infused pre-roll. The pre-roll has been created for those who wish to gain the calming effects of CBD, without the desire to get high. Seth Wiles, President of the company stated that “The Ganja Gold legacy brand is synonymous with a top shelf, connoisseur level experience amongst consumers.” The hopes are that they can continue to be a key pot stock to watch moving forward.
A Dispensary Operator Pot Stock
Origin House (ORHOF Stock Report) is another company working out of the Californian pot stock market. The company owns more than 450 dispensaries throughout the state as well as 50 brands within the same area. Because of this, they are deemed to be one of the largest pot stocks in the industry.
The company has stated that they have heavy plans to move into the recreationally legal pot stock markets. With this, the hopes are that they could see even more growth moving into the near future. The company has also stated that they intend to move into the international market if legislation allows for it. This, of course, is speculation and should only be considered a minimal amount. Besides this, they remain a key pot stock to watch.
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