Top Marijuana Stocks To Watch After Trump Wins The Election
With Donald Trump as our newly elected president, how will marijuana stocks react? At this time many are concerned that Trump will not consider cannabis reform the way Kamala Harris might have. Which would be to push for federal reform and finally legitimize cannabis the way it should be, especially with more than half of the United States having legalized cannabis already.
Although both parties voiced their support for legal cannabis now more speculation enters the space due to not knowing what will take place. Due to this, we may see a downtrend in the space which seems to be happening at this time. As investors wait to see how the cannabis stocks will react is now another time to buy. The short answer could be yes depending on the investor.
Cannabis will at some point see a bounce it’s just a matter of when and what will cause it to rise. If there is a chance to find top marijuana stocks to buy at low entry points this should be considered. The cannabis industry is only getting bigger and more profitable. Even with large amounts of volatility people are seeing marijuana stock investing as a long-term play. At least until federal reform becomes law and we know the volatile begin to subside. Below are several marijuana stocks to watch after the 2024 presidential election.
Top Marijuana Stocks To Watch Today
- Ascend Wellness Holdings, Inc. (OTC:AAWH)
- Green Thumb Industries Inc. (OTC:GTBIF)
- Cansortium Inc. (OTC:CNTMF)
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 October 17th the company announced it has introduced “Effin” a new edible brand delivering targeted effects.
Words From The Company
Effin’ made its debut in Massachusetts and Illinois in early October, with a New Jersey launch planned for the end of October 2024. With Effin’, consumers can expect consistent, reliable effects from each dose. “We went mad scientist to create these unique formulations because we know our customers want more than just edibles—they want products that deliver specific effects tailored to their needs,” said David Gacom, Chief Commercial Officer at AWH.
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Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells cannabis products for medical and adult use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. In recent news, Agrify Corporation has secured funding from Green Thumb and has announced new leadership.
Concurrent with the Financing, Raymond Chang resigned as Chairman and CEO of Agrify and I-Tseng Jenny Chan stepped down from the Board. Following the acceptance of the resignations, the Agrify Board appointed Benjamin Kovler, Richard Drexler, and Armon Vakili to replace the outgoing Directors.
Cansortium Inc.
Cansortium Inc., through its subsidiaries, produces and sells medical cannabis in Florida, Pennsylvania, and Texas. At the start of October RIV Capital and Consortium celebrate the successful launch of MOODS in New York.
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Word From The CEO of RIV Capital
“We debuted the MOODS Brand at our retail stores in New York to gauge consumer interest and gain feedback, and the launch was met with great success. In fact, MOODS quickly became our number one selling vape brand in all New York retail stores in which the product was offered by both dollars and volume during the month of September,” said Dave Vautrin, Interim CEO of RIV Capital.
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