Top Marijuana Stocks That Attract Investors
The cannabis industry has been growing in popularity for years, intriguing more potential investors to take advantage of this burgeoning market. Marijuana stocks have offered an easier chance to do so, especially at a time when volatility is rapid. But is investing in marijuana stocks truly the best option or is it more of a volatile gamble? Well how far legislation has come in the USA has led to a boom in cannabis operators are the nation.
Not to mention other global regions like Europe and Canada also have big legal cannabis markets. With increasing public approval and legalization measures, we may see another wave of a green rush once federal reform is in place. However, the landscape for cannabis stocks remains complex and unpredictable. Now due to how volatile the sector is, there are small windows where investors can take profits.
The better way to get invested in looking for marijuana stocks to buy is preparation. Take the time to build a watchlist and learn about trading and the cannabis sector. Once you have a trading plan in place it often gives better odds at seeing better gains. Legal cannabis markets are only growing and getting better with the ongoing development of the sector. Below are several marijuana stocks to watch this week for better trading in the market.
Top Marijuana Stocks To Watch Today
- Trulieve Cannabis Corp.(OTC:TCNNF)
- Jushi Holdings Inc. (OTC:JUSHF)
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
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. In recent news, the company released its Q3 2024 earnings. 
Q3 2024 Financial and Operational Highlights
- Revenue of $284 million increased 3% year over year, with 95% of revenue from retail sales.
- Achieved gross margin of 61%, with GAAP gross profit of $173 million.
- Reported net loss attributable to common shareholders of $60 million. Adjusted net loss of $12 million* excludes $48 million in campaign support and other non-recurring charges, asset impairments, disposals, and discontinued operations.
- Achieved adjusted EBITDA of $96 million*, or 34% of revenue, up 24% year over year.
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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. The company recently released its third-quarter 2024 financial earnings.
Third Quarter 2024 Financial Highlights
- Total revenue of $61.6 million
- Gross profit and gross profit margin of $28.0 million and 45.4%, respectively
- Net loss of $16.0 million
- Adjusted EBITDA1 and Adjusted EBITDA margin of $10.3 million and 16.8%, respectively
- Cash, cash equivalents, and restricted cash of $22.9 million as of the quarter end
- Net cash flows provided by operations of $2.4 million
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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. Over the last 4-6 weeks the company has been hard at work with 2 important company updates. 
On October 8th the company announced a non-binding letter of intent to distribute the Curb Lifestyle, Inc. More recently the company also 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.
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