Top Marijuana Stocks Heading Into The 2024 Holiday Season
Marijuana stocks saw a drastic drop in trading over the last several days. Yet this may not be as bad as some think it is. Many felt that cannabis reform being voted on in Florida during the presidential election may have been a catalyst for the cannabis sector. But to no unveil it did not pass along with Donald Trump’s victory led to a drop in trading.
There is some fear that the newly elected president will not help with any reform or positive push for the cannabis industry. This could amp up volatility and uncertainty even more. Yet the inevitable is federal reform which hopefully will happen in the future. Right now, investors can focus on the long game with how low prices are in the sector. This is an area where people begin searching for marijuana stocks to buy. The long term is where investors feel bigger returns will come.
Yes at times there are bounces in the market where taking profits is safe. However, the speculation is once federal reform is in place historically positive news on the matter has resulted in better gains. Now nothing is guaranteed and this is why having a game plan and using smart investing tactics is essential. Below are several marijuana stocks to watch for potential gains in the cannabis sector.
Top Marijuana Stocks For Investors
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- WM Technology, Inc. (NASDAQ:MAPS)
- Leafly Holdings, Inc. (NASDAQ:LFLY)
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. engages in the development and distribution of cannabis accessories, vape devices, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. 
In recent news, the company announced an exclusive distribution agreement with Safety Strips Tech Corp. Under the agreement, Greenlane will exclusively distribute Safety Strips fentanyl, xylazine, and drink spike detection test strips in the U.S.
Words From The Company
“Entering this adjacent product category has been high on our strategic priority list due to the alarming fact that the opioid crisis shows no signs of slowing and our customers are seeing increasing demand for more quality, affordable test strip options. We believe providing economical and reliable substance testing is critical to help prevent accidental overdoses as well as protecting individuals from drug-induced date rape,” said Barbara Sher, Chief Executive Officer for Greenlane.
WM Technology, Inc.
WM Technology, Inc. provides e-commerce and compliance software solutions to retailers and brands in the cannabis market in the United States and internationally. 
In more recent news the company announced it is preparing to report its third quarter 2024 financial results via webcast. The company has set November 12th as the date of the release.
[Read More] 3 Top Marijuana Stocks To Buy Before Momentum Picks Up?
Leafly Holdings, Inc.
Leafly Holdings, Inc. owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. 
In recent news, the company has reported its Q3 2024 financial earnings.
[Read More] Top Picks for Ancillary Cannabis Stocks During the Marijuana Market Downturn
Highlights And Key Mentions
Revenue and gross margin:
- Revenue was $8.4 million, compared to $10.6 million in Q3 2023. Retail revenue was $7.4 million, compared to $9.3 million in Q3 2023. Brand revenue was $1.0 million, compared to $1.3 million in Q3 2023.
- The year-over-year declines in revenue were primarily due to the decline in ending retail accounts coupled with reduced spend by our customers due to their budget constraints.
- Gross margin was 89%, consistent with gross margin reported in Q3 2023.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
