This Weeks Top Marijuana Penny Stocks To Watch

Marijuana Stocks To Buy Before Federal Reform Is Passed

Marijuana stocks have seen their biggest upward rise when positive news on reform is released. The cannabis industry has still been able to flourish without any federal reform in place. For many years now progressive news on the matter has been the strongest catalyst for marijuana stocks to date. Currently, cannabis is still federally illegal even with more than half of the US having legal cannabis markets. This lack of federal reform has made some investors nervous leading to a high level of market volatility.

Doubt fear and concerns often lead to unpredictable trading patterns. Some feel there is a chance of an industry-wide shutdown. Yet with the success and revenue being made the possibility of shutdown is highly unlikely. Nevertheless, there are those who feel the future of cannabis is where more progress and profits will yield. 2024 is an election year and right now some politicians are trying to advocate for the passing of federal cannabis reform. If cannabis banking or even the rescheduling of cannabis can happen this will be a game changer.

Federal reform would allow legal operators to flourish in ways that were once said to be impossible. Not to mention investors feel federal reform passing would remove a large amount of fear and volatile trading. Essentially restoring faith and confidence to invest and find the best marijuana stocks to buy. Just make sure you do your research and develop a game plan that allows you to see better profits. The companies below are some marijuana stocks to watch that could see stronger momentum this year.

Marijuana Stocks For Better Trading 2024

  1. Green Thumb Industries Inc. (OTC:GTBIF)
  2. Trulieve Cannabis Corp. (OTC:TCNNF)
  3. StateHouse Holdings Inc. (OTC:STHZF)

Green Thumb Industries Inc.

Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States.

GTBIFOn December 13th the company announced it opened a RISE dispensary in Port Orange Florida. This makes for the Green Thumb Industries’ 90th retail location in the nation.

Words From GTBIF President

“We are thrilled to expand our presence on the east coast of Florida with the opening of RISE Port Orange,” said Green Thumb President Anthony Georgiadis. “This store marks our first RISE location in Volusia County and the seventh new store we have opened in the Sunshine State this year. We look forward to welcoming more patients to the RISE experience and making a positive impact in the local community.”

[Read More] Cannabis Investing: Top Marijuana Stocks To Watch Today

Trulieve Cannabis Corp.

Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida. marijuana stocks to watch trulieve (TRUL) (TCNNF)

As well as through home delivery. In recent news, the company announced the appointment of Marie Zhang as Chief Operating Officer.

Words From Kim Rivers

“Ms. Zhang has amassed extensive supply chain and leadership experience serving in C-suite and senior executive levels at various global companies in the agriculture, CPG, multi-unit retail, and restaurant industries,” said Kim Rivers, CEO of Trulieve. ”

[Read More] Top U.S. Marijuana Stocks to Watch in Mid-January 2024

StateHouse Holdings Inc.

StateHouse Holdings Inc., an integrated omni-channel cannabis company, engages in the cultivation, processing, manufacture, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States.

Back on December 11th, the company announced it had granted restricted share units. As of December 5, 2023, the company issued a total of 734,000 restricted share units (“RSUs”) to certain directors, officers, and employees.

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