Here Are The Best Marijuana Stocks To Make A Profit In 2024
The current focus for marijuana stock investors is preparing for the new year. There is only a little bit of time before 2024 begins and this year will be big for cannabis. Not just with reform but as a whole the entire sector is rapidly evolving. More companies are releasing new products not to mention entering into partnerships to further push the sector forward. Even with continuous volatility, there is a means to invest and put yourself into a potentially profitable position. Right now much of the sector is not as active as it should be.
Even with the release of Q3 earnings for most companies, there has been an ongoing decline in trading momentum. Now this does make it easier to prep and find top marijuana stocks to buy. But is the risk of buying and holding going to pay off in 2024? Now with the continuous use of federal reform positive news on the matter often leads to short recoveries. Still, investors can not rely on only short windows and one catalyst to make profits.
Although this has been the strategy occurring over the last year or so. 2024 is predicted to have more progress that could show better all-around trading. Nevertheless, make sure you do your research and create a game plan that gives you the best odds of making a profit. Below are several marijuana stocks to watch and keep on your radar heading into 2024.
Top Marijuana Stocks For You Today
Cresco Labs Inc.
Cresco Labs Inc. together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. In recent news, Cresco issued a statement on behalf of its CEO Charles Bachtell following over 56 percent of Ohioans voting to pass adult-use cannabis legalization through state ballot measure. 
Ohio represents the 24th state to end cannabis prohibition for adults 21 and over and the 15th state to legalize adult-use cannabis by-election. As well the company also plans to report its earnings during the 3rd week of November.
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates a cannabis operator in the United States. It operates through Domestic Operations and International Operations segments. 
The company engages in the cultivation, production, and sale of cannabis products through retail and wholesale channels. Recently the company reported its Q3 2023 earnings.
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Third Quarter 2023 Financial Highlights
- Net Revenue of $333.2 million excluding $3.5 million from discontinued operations, a year-over-year increase of 2% compared to Q3 2022 revenue of $325.8 million. Sequentially, net revenue declined less than 1%
- Gross profit of $150.1 million and gross margin of 45%
- Adjusted gross profit(1) of $152.2 million, resulting in adjusted gross margin of 46%
- Net loss attributable to Curaleaf Holdings, Inc., including discontinued operations, of $92.3 million or net loss per share of $0.13
- Adjusted net loss from continuing operations attributable to Curaleaf Holdings, Inc.(1) of $70.8 million or adjusted net loss per share(1) of $0.10
- Adjusted EBITDA(1) of $75.3 million or 23% of revenue
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Jushi Holdings Inc.
Jushi Holdings Inc. a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions around the United States.
On October 31st the company announced it will report its third quarter of 2023 financials on November 14th. Management will host a conference call and audio webcast on Tuesday, November 14, 2023, at 5:00 p.m. ET to discuss the Company’s financial results.
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