Must-Watch US Marijuana Stocks for Smart Investors
As the cannabis industry continues to grow, US marijuana stocks are becoming increasingly popular among investors. The US cannabis market is projected to reach $41 billion by 2025, driven by expanding legalization and consumer demand. Recent headlines have highlighted ongoing discussions about federal legalization, which could further boost the industry. Investors are closely monitoring these developments, as legalization could open new markets and increase the profitability of cannabis companies. With more states legalizing marijuana, the industry is poised for significant growth in the coming years.
For those looking to invest in US marijuana stocks, it’s important to use technical analysis and proper risk management. Technical analysis can help identify trends and entry points, reducing the risk of losses. Diversifying your portfolio and setting stop-loss orders is crucial to protect your investments. By staying informed about market trends and using sound investment strategies, you can maximize your returns while minimizing risks in this rapidly evolving industry. Here, we take a look at three leading US marijuana stocks that should be on your watchlist before September: Green Thumb Industries Inc. (GTBIF), Trulieve Cannabis Corp. (TCNNF), and Planet 13 Holdings Inc. (PLNH). Each company is strategically positioned in the market and has shown resilience in navigating the evolving regulatory landscape. Let’s dive into what makes these companies noteworthy.
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Top US Cannabis Stocks to Watch This September
- Green Thumb Industries Inc. (OTC: GTBIF)
- Trulieve Cannabis Corp. (OTC: TCNNF)
- Planet 13 Holdings Inc. (OTC: PLNH)
Green Thumb Industries Inc.
Green Thumb Industries Inc. (GTBIF) is one of the largest cannabis companies in the United States. It operates a vast network of dispensaries under the names Rise and Essence, among others. The company has a presence in 15 states, with its largest market being Illinois, where it operates multiple dispensaries. As of 2024, Green Thumb manages over 80 dispensaries nationwide, positioning itself as a key player in the US cannabis industry. The company’s growth strategy includes expanding into new markets and increasing its footprint in states where it already operates.
In its most recent financial report, Green Thumb Industries reported a revenue of $248.5 million for the second quarter of 2024. This represents a year-over-year increase of 8%, showcasing the company’s steady growth despite the challenges in the cannabis sector. However, the company also reported a net loss of $12.7 million, primarily due to increased operating expenses and investments in new markets. The company’s gross margin remained strong at 55.2%, reflecting efficient operational management. Green Thumb focuses on long-term profitability, reinvesting earnings into expanding its retail and production capabilities.
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Trulieve Cannabis Corp.
Trulieve Cannabis Corp. (TCNNF) is another top contender in the US marijuana industry. The company has built a strong presence, particularly in Florida, where it dominates the market with over 130 dispensaries. Trulieve also operates in other key states, including Pennsylvania, Arizona, and California, bringing its total dispensary count to over 160 across the United States. The company’s strategy focuses on vertical integration, controlling every aspect of production from cultivation to retail, ensuring quality and consistency across its products.
In its latest financial results, Trulieve reported revenue of $306.9 million for the second quarter of 2024, marking a slight increase from the previous quarter. Despite the revenue growth, the company reported a net loss of $6.5 million, which was attributed to higher costs associated with expansion and market consolidation. Trulieve’s gross profit was $187 million, with a gross margin of 60.9%, which highlights its ability to maintain profitability even in a competitive market. The company continues to focus on expanding its footprint while optimizing its operations to drive future growth.
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Planet 13 Holdings Inc.
Planet 13 Holdings Inc. (PLNHF) is best known for its massive cannabis superstore located in Las Vegas, Nevada, which is one of the largest cannabis dispensaries in the world. In addition to its flagship store, the company operates a smaller superstore in Santa Ana, California, and is planning further expansion into other states. Planet 13’s Las Vegas location has become a tourist destination, contributing significantly to its revenue. The company currently operates a total of three dispensaries, with plans to open more in the near future.
Planet 13 reported revenue of $26.7 million for the second quarter of 2024, a decrease from the same period in the previous year. The decline was largely due to increased competition and a softer market in Las Vegas. Despite this, the company posted a net income of $1.3 million, thanks to its focus on cost management and high-margin products. Planet 13’s gross margin for the quarter was 55.7%, consistent with its historical performance. The company is now focusing on expanding its retail operations and exploring opportunities in new markets to drive future growth.
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Essential US Marijuana Stocks for Your September Investment Watchlist
As we approach September, Green Thumb Industries Inc. (GTBIF), Trulieve Cannabis Corp. (TCNNF), and Planet 13 Holdings Inc. (PLNH) stand out as leading marijuana stocks to watch. Each company has established a strong market presence, and despite facing challenges, it continues to show growth potential. Investors should keep an eye on these stocks as they navigate the evolving landscape of the US cannabis industry. Their strategic expansions and solid financial management position them well for the future.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
