Here Are 3 Marijuana Stock Picks For New Investors
The cannabis industry has experienced significant developments over the past year. Much of this progress has also impacted the markets and how most marijuana stocks have performed. This is also celebrated by continued development, growing regulations, and shifting market dynamics. As more states in the U.S. legalize recreational and medical cannabis, the industry has expanded its footprint, with notable progress in states like New York and New Jersey.
This trend reflects a growing acceptance of cannabis use and has generated new market opportunities for businesses. This is where many have turned to find top marijuana stocks to buy. As the sector continues its path of success people want to get invested before federal reform sets in. For some, this is another chance to catch what could be the last phase of the green rush. Mainly due to having no federal reform as many feel this will change how the entire sector trades once made law.
Various hurdles and the regulatory environment have contributed to the volatility of marijuana stocks. Over the past year, stock performance has fluctuated drastically. This is often driven by earnings reports and broader economic conditions. Many companies in the industry have struggled to achieve profitability amid rising competition, which has led to some investor caution. Nonetheless, the landscape has also seen a wave of mergers and acquisitions as companies seek to consolidate and strengthen their market positions, aiming for greater efficiency and expanded reach. Below are several marijuana stocks to watch for investors to keep on their radar.
Marijuana Stock Picks For Potential Gains 2024
- Planet 13 Holdings Inc. (OTC:PLNH)
- Glass House Brands Inc. (OTC:GLASF)
- Ascend Wellness Holdings, Inc. (OTC:AAWH)
Planet 13 Holdings Inc.
Planet 13 Holdings Inc., together with its subsidiaries, cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States. In recent news, the company has executed a Nevada retail and expansion strategy. Along with a proposed acquisition of Las Vegas dispensary. 
MM Development Company, Inc. has entered into an asset purchase agreement under which Planet 13 will acquire all assets required to operate a 3,158-square-foot dispensary.
Words From The Company
“Increasing our scale, operating leverage and verticality in Nevada is one of the most cost-efficient levers for profitable growth we have, and this dispensary couldn’t be a better fit for our portfolio. Their location and more local focus customer base complements our SuperStore and other Nevada neighborhood store,” said Bob Groesbeck, Co-CEO of Planet 13.”
Glass House Brands Inc.
Glass House Brands Inc., together with its subsidiaries, operates as an integrated cannabis company in the United States. Recently the company hosted Analyst & Institutional Investors Day. This event took place back on September 12th at the SoCal Farm in Camarillo, California. 
The event included presentations by Kyle Kazan, Co-Founder, Chairman, and CEO, Graham Farrar. As well as Co-Founder, Board Member, and President, Mark Vendetti, Chief Financial Officer. Plus other senior business leaders in the Company’s Wholesale Biomass, Wholesale CPG, and Retail Dispensary Business. In-person attendees also received a Greenhouse Tour.
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Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. 
On September 11th the company announced the opening of its 5th dispensary in Pennsylvania. This also makes for the company’s 39th location nationwide.
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Words From The President Of The Company
“We are thrilled to expand Ascend’s reach to a new medical community in Pennsylvania with this opening in Whitehall. Patients now have more opportunities than ever to experience Ascend’s cutting-edge outlet dispensary model, which offers high-quality products at consistently low prices and is staffed by expertly trained budtenders to ensure personalized, knowledgeable service,” said Frank Perullo, President and Co-Founder at Ascend.
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