2 Marijuana Stocks To Watch In The Cannabis Industry
As we come to the end of 2020, it looks like there are some clear winners in the cannabis industry. With so many marijuana stocks to choose from, finding the right cannabis stocks to buy can at times be challenging. But, in the past 4 weeks, we have witnessed a large number of gains throughout the entire cannabis industry. Because of this, it seems as though we could begin to see a real push for forward momentum heading into the new year. Of course, we cannot predict when the pandemic will stop having an effect on marijuana stocks. But we can work to find companies that may be better marijuana stocks than others. These companies are ones with solid balance sheets and large amounts of free cash.
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The two factors mentioned help to illustrate just which marijuana stocks could be worth a potential investment. As stated before, there are quite a lot of options in the industry. With so many options, investors should narrow down which area of the market they want to invest in to help make that selection easier. This comes down to one’s individual investing style and what type of risk they are willing to have in their portfolio. There are different risks to investing in different areas of the cannabis industry. But, these two marijuana stocks both present investors with new and changing opportunities.
Marijuana Stocks To Watch
Liberty Health Sciences Inc. (LHSIF Stock Report)
MariMed Inc. (MRMD Stock Report)
Top Pot Stocks To Watch This Month: Liberty Health Sciences Inc. (LHSIF)
Marijuana stock to watch Liberty Health Sciences Inc. is one of the major purveyors of medicinal marijuana based in Florida. The company has quite a large range of access to the Florida market as its competition in the state is very slim. Although Florida has yet to become an industry leader by market size, the state still has the option of going full rec. If this were to occur, it would give Liberty Health a very advantageous position. Studies have shown that by the year 2022, Florida could become one of the largest marijuana markets in the country.
Currently, Liberty Health holds almost 15% of the total market share for medicinal marijuana in the state of Florida. With expansions and new facilities currently on the way, that number could soon potentially go much higher. The main bet for Liberty Health is in the near to distant future. As stated before, Florida transitioning to recreationally legal marijuana would be a complete game-changer for the company. In the meantime, the company still remains a marijuana stock to watch.
Top Pot Stocks To Watch This Month: MariMed Inc. (MRMD)
MariMed Inc. is a marijuana stock that has been quite volatile recently. The company works as a multi sate operator with THC and CBD products. However, with the current increase in cannabis demand goods are moving fast. This may be one of the contributing factors amongst many in regards to this volatility. Although down from the close on December 8th substantial gains have been made. Over the last month, from November 2nd to December 2nd MRMD stock is up over 150%. Now, this isn’t to stay things cant change but currently, the company is trading higher than it did for most of the 2020 year.
Recently MariMed announced that they will be selling Tikun cannabis products throughout Massachusetts cannabis Market. MariMed partnership with Israel’s top cannabis company Tikun Olam has some interesting aspects. Through MariMed subsidiary ARL Healthcare, The company has the license and exclusive rights to sell Tikun branded products in Massachusetts. Also, ARL Healthcare cultivates and processes Tikun cannabis.
“Tikun Olam is a Hebrew phrase which translates to ‘repair the world,’ a welcome sentiment as we head into the final weeks of a pandemic-challenged 2020 and the holidays,” noted Robert Fireman, CEO of MariMed. “MariMed’s cultivation team has taken great care to bring to Massachusetts four of Tikun’s research-backed, genetically optimized strains.”
“Tikun has worked five years for this opportunity to serve the Massachusetts public. With the market attracting our industry’s strongest brands and companies, the Commonwealth’s consumers will be certain winners,” said Bernie Sucher, CEO of Tikun. “For our part, we could not be more thrilled to partner once again with MariMed, a team that’s been at Tikun’s side since we began our work in the United States.”
Will This Marijuana Stock See More Gains?
In addition to Massachusetts the second cannabis market with Tikun cannabis products, MeriMed is preparing to repeat this process in other states. One thing about cannabis consumers, having a variety of options keeps people coming back to spend more money. With more people needing cannabis moves like this can help generate more profit for the company. So if sales can increase most times it can resonate well for this marijuana stock. All in all, as things continue down a positive path for the company 2021 is looking good for this marijuana stock to watch
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