Top U.S. Cannabis Stocks to Watch in November 2025
TCNNF • CRLBF • VRNOF
The top marijuana stocks to watch this week are gaining fresh attention as the U.S. cannabis industry continues expanding at a steady pace. Recent estimates indicate that the legal market generates more than $34 billion in annual sales, and analysts expect rapid growth over the next several years. Some forecasts project that the industry will reach $60 billion by 2030, driven by rising state adoption and increased product demand. Additionally, new federal discussions about banking reform have boosted sector sentiment. Lawmakers recently revisited proposals that would ease long-standing financial restrictions on licensed operators. These developments have created renewed optimism for multi-state companies. Therefore, many traders are watching top U.S. cannabis names for early momentum. However, staying disciplined remains essential in this fast-moving industry.
Technical analysis plays a significant role in how traders evaluate cannabis stocks on a weekly basis. Many traders focus on support levels, resistance areas, and volume patterns to confirm the strength of a trend. Short-term breakouts often follow strong volume, while failed retests can signal weakness. Meanwhile, risk management remains crucial because the sector still reacts quickly to legislative headlines. Traders often set clear stop-loss levels to limit downside exposure. They also size positions carefully to avoid oversized losses during unexpected volatility. Furthermore, they monitor broader market conditions so entries align with stronger overall momentum. As the industry evolves, combining disciplined analysis with careful trade planning can help identify promising opportunities. This balanced approach can also protect traders from sudden shifts in sentiment.
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Market Trends and Top Cannabis Stocks Investors Should Watch This Week
- Trulieve Cannabis Corp. (OTC: TCNNF)
- Cresco Labs Inc. (OTC: CRLBF)
- Verano Holdings Corp. (OTC: VRNOF)
Trulieve Cannabis Corp. (TCNNF)
Trulieve Cannabis Corp. remains one of the strongest multi-state operators in the United States. The company built its foundation in Florida, where it still holds the largest retail presence. Trulieve now operates more than 200 dispensaries nationwide, with over 160 located in Florida alone. This broad footprint gives the company unmatched access to medical cannabis patients and expanding adult-use markets. Its vertically integrated structure helps control cultivation, processing, and retail operations. This model also supports pricing power, consistency, and brand loyalty. Additionally, Trulieve continues expanding into states like Pennsylvania, Georgia, and Arizona. As a result, investors view TCNNF as both a market leader and a long-term growth benchmark. Therefore, traders frequently track Trulieve for momentum shifts and sector leadership trends.
Trulieve recently delivered strong quarterly financial results, highlighting its operational discipline. Revenue reached approximately $288 million, supported by a gross margin near 59 percent. Cash flow from operations continued to strengthen, with year-to-date totals exceeding $200 million. Free cash flow also improved meaningfully, reflecting better expense control and more efficient cultivation processes. The company redeemed its outstanding senior secured notes, which should help reduce interest expenses going forward. Management has focused heavily on improving margins, tightening costs, and prioritizing high-demand branded products. However, the company still faces industry challenges, including heavy tax burdens and market-specific pricing pressure. Even so, Trulieve stands out because of its consistent profitability and strong cash generation. Therefore, many traders closely watch TCNNF during pullbacks into support levels while employing disciplined risk management.
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Cresco Labs Inc. (CRLBF)
Cresco Labs is another top operator with a strong national presence and a balanced business model. The company operates more than 70 Sunnyside dispensaries across major states such as Illinois, Pennsylvania, Ohio, and Florida. Cresco is also well known for its strong wholesale platform, which distributes branded products across multiple states. This dual retail-wholesale strategy supports stable revenue and broader brand penetration. The company aims to lead both in-store experience and national product distribution. As the cannabis market matures, Cresco’s emphasis on brand recognition and value-driven retail continues to attract customers. Its focus on core states with large populations helps drive consistent demand. Consequently, CRLBF remains an important stock for traders seeking exposure to both retail and large-scale wholesale operations.
Cresco’s recent financial performance reflects a company committed to stabilization and disciplined operations. Quarterly revenue came in near $165 million, representing steady sequential growth. Management highlighted improvements in adjusted EBITDA margins thanks to tighter cost controls and more efficient operations. Cresco has also restructured portions of its debt, extending maturities and reducing near-term financial pressure. Operating cash flow remained positive despite continued sector-wide pricing challenges. Still, the company posted a net loss, influenced by high interest expenses and tax obligations. Cresco’s ability to maintain market share during a period of industry consolidation remains a key strength. For active traders, CRLBF becomes attractive during pullbacks into major support zones. Many will wait for volume confirmation or relative strength signals before entering positions.
[Read More] Three High-Potential Marijuana Stocks to Watch in a Volatile Market
Verano Holdings Corp. (VRNOF)
Verano Holdings is a fast-growing multi-state operator known for its Zen Leaf and MÜV retail brands. The company continues its rapid expansion with more than 150 dispensaries across the United States. Verano holds a particularly strong presence in Florida, where its MÜV chain now includes more than 80 dispensaries. The company also operates in high-value states, including New Jersey, Illinois, and Arizona. Its vertically integrated structure supports the production of a wide range of branded cannabis products. Verano’s portfolio includes offerings for both value shoppers and premium consumers. This diversity allows the company to capture sales across several price tiers, which is increasingly important in competitive markets. As legalization advances, Verano’s product breadth and multi-state reach position it well for future growth. Consequently, investors often view VRNOF as a high-leverage play for retail and brand expansion.
Verano’s latest financial results show a mix of solid strength and ongoing headwinds. Quarterly revenue reached roughly $203 million, holding steady on a year-over-year basis. However, net losses persisted because of impairment charges and legal expenses. Still, adjusted EBITDA exceeded $50 million, which supports the company’s long-term profitability plans. Verano also generated positive operating cash flow, reflecting strong internal financial discipline. Capital expenditures remained modest as management focused on efficiency and margin stability. The company continues to optimize cultivation sites and trim unnecessary costs. Although challenges remain, Verano’s retail scale and improving cost structure keep it on many watchlists. Traders often monitor VRNOF after sharp pullbacks, especially when broader sector sentiment improves. Entries often work best when paired with clear stop-loss placement and disciplined trade sizing.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
