Top Marijuana Stocks For Your October Watchlist
Marijuana stocks are showing better upward consistency at the end of September. When a new month is set to begin it is not uncommon for shareholders and investors to find positive speculation. This seems to happen mid-trading day. For those who feel that marijuana stocks hold more risk verse reward due to market activity over the last year, there is more than meets the eye. Meaning that for those who see the upside there is still room to make good investments in the cannabis sector. Now the strategy and market behavior has changed immensely.
Specifically, the way most people who are marijuana stock investors are not buying and holding how they once did. Currently, things are a bit quicker as most upward trading over the last 6 months has been very short. This has made it tough for people to take profits. Yet those who have been able to adapt to the change in trading have had better odds of seeing a return. If you are looking for marijuana stocks to buy there is a process to do so like any other type of investment.
For marijuana stocks, you need to build a game place and make sure you have done good research for the possible companies you want to invest in. Often times the better the company is doing outside of the market the better it will ultimately do in the market. Now, this is not 100% as marijuana stocks have more volatility than other sectors. The companies below are 2 marijuana stocks to watch heading into October.
Marijuana Stocks To Watch Next Month
- GrowGeneration Corp. (NASDAQ:GRWG)
- The Scotts Miracle-Gro Company (NYSE:SMG)
GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries owns and operates retail hydroponic and organic gardening stores in the United States. In recent news, the company has announced the opening of the New Hydroponic Garden Center in Richmond, Virginia. Additionally, the Company has signed two new leases in Mount Holly, New Jersey, and Hazelwood, Missouri. These stores are expected to open in the fourth quarter of 2022 and will expand Company operations into 17 states.
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Words From The Company
Darren Lampert, CEO of GrowGeneration stated, “Our new 9,000 square foot store in Richmond, Virginia is the first of many GrowGen Hydroponic garden centers that will capture the emerging markets across the Southeastern United States. Virginia legislation allows for unlimited medical cultivation licenses and home growing making it an ideal market for GrowGen’s one-stop shop that provides new and existing cultivators seed to harvest solutions, including turnkey facility design, cultivation room design, and on-site project consultation, as well as access to the Company’s successful private label products.
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The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. At the end of August, the company announced former Chief Financial Officer David Evans as Interim CFO. 
The Company has engaged a leading executive search firm to assist in identifying a permanent CFO with a focus on external candidates. Separately, the Company revised its 2022 free cash flow guidance provided during its August 3rd earnings conference call and reaffirmed all other aspects of its August 3rd guidance.
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