Here Are The Ways Marijuana Stocks React To Industry News
Over the last several months the US cannabis industry has been on fire. More companies are expanding operations focusing on the future. With federal reform still up in the air state-level regulations are taking precedence. Right now there is a push for corporate cannabis in the industry which would come with pros and cons. The cons would be crushing small-batch farmers with high taxes and state fees to maintain compliance.
This has been an ongoing issue causing some legend growers to take the more corporate route and allowing others to control their work essentially. The pros would come in several different ways. Initially, you would have an influx of more cannabis and derived products. Also, bigger companies such as Green Thumb, Canopy Growth, and even Truelieve are publicly traded. So if a marijuana stock outside the market is profitable or successful it can help with trading. Now this will be from more companies that are publicly traded and thrive from corporate practices.
So that is why what takes place inside the industry can have a direct impact on other areas of the sector. Small-batch farmers should have laws in place that protect their businesses while others who follow a more corporate practice can exist too. As cannabis becomes seen as a more legitimate market finding marijuana stocks to buy has been what many have turned to. While volatility is still high here are some marijuana stocks to watch for all investors.
Marijuana Stocks To Watch 2024
- Jushi Holdings Inc. (OTC:JUSHF)
- Trulieve Cannabis Corp. (OTC: TCNNF)
- Cresco Labs Inc. (OTC:CRLBF)
Jushi Holdings Inc.
Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. 
On October 23rd the company announced it will report its Q3 2024 financial results. The company has selected to release its earnings on November 7th where management will host a conference call and audio webcast.
Trulieve Cannabis Corp.
Trulieve Cannabis Corp., together with its subsidiaries, operates as a cannabis retailer. The company cultivates, processes, and manufactures cannabis products and distributes its products to its dispensaries, as well as through home delivery.
Over the last 4-6 weeks the company has been preparing for the possible yes of Amendment 3 passing with an opening on several new locations. In mid-October, the company opened a new location in Orlando and one in Lake Placid Florida.
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The growing pressure on the company shows why Trulieve is the top cannabis company in the sector.
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Cresco Labs Inc.
Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. Several weeks ago the company announced it would report its third quarter 2024 earnings on November 8th. 
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights. Hopefully, positive financial results will bring better trading momentum for the company.
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