Diversify. That is one of the most important strategies when looking for marijuana stocks to buy. Of course, investors come from all around the industry with different skill levels and different intentions. Diversity in one’s stock portfolio may not be the best for those looking for short term gains. But, investors who are looking to bet on the potential of the future of a company may find diversifying to be their best bet.
The notion of having different companies in one’s portfolio is in no way singular to marijuana stocks. In fact, it is quite a widely applied principle across investing. Diversifying is one of the best ways to ensure one does not have too much exposure to one area of the market. With pot stocks, there are several different key aspects of the industry.
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On the one hand, we have the big cannabis growers. These companies which are known as pure-play pot stocks, have market caps in the billions at the top end, but they also come with quite a bit of volatility. On the other hand, there are a large number of companies occupying the ancillary cannabis market. These companies provide services to the industry or alternative products for sale in the cannabis market.
Both of these individual areas have their pros and cons. One of the most interesting things to consider is the exposure one wants, and the volatility that they are willing to withstand. With that in mind, choosing a pot stock can become much easier.
Marijuana Stocks To Watch: The Unknown Cultivator
Sundial Growers (SNDL Stock Report) is a relatively unknown cannabis grower that has shown some significant gains in the past month or so. In that time, we have seen some surprising growth. Prior to this, it has been a series of losses for the company which is definitely something to consider.
The company has been working to increase the amount of cannabis that it is producing which has been going quite well for them recently. With that in mind, the company is still on the small side and definitely has a lot of room to grow.
Is This Marijuana Stock Making Progress
Scotts Miracle-Gro (SMG Stock Report) is one of the leading ancillary pot stocks in the market. The company has worked as a producer with some key ingredients needed to grow cannabis. The company also holds within it Hawthorne Gardening, as its subsidiary. This subsidiary was created with the intention of better serving its hydroponics customers. With this, Hawthorne Gardening has become a large portion of the companies overall profitability. 
Scotts Miracle-Gro does have quite a lot going on outside of its cannabis front. As a key ancillary pot stock, the company continues to be extremely interesting. But, investors should be aware that the company has seen some volatility with its main business. Hawthorne sales have been going up, while they focus on its lawn care business has been dwindling. Regardless, the company remains an important alternative pot stock to watch.
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