Most investors who choose to invest in marijuana stocks usually do so with the most prominent companies in the market. These companies may be intriguing, but the past six months has helped to bring a large amount of negative movement into the industry. Most of these downtrends have hit the market quite hard. This is not to say that the small and mid-cap pot stocks were not affected, but they were hit less than the others.

One of the best ways to avoid the high levels of volatility when dealing with marijuana stocks is to look at the alternative companies in the market. These ancillary businesses operate in several areas outside of pure-play cannabis. This could be anything from extraction services all the way to REITs and more. With such a broad scope, diversifying should be an investor’s main goal. These two pot stocks look like they could have some renewed potential moving into the next few months, but only time will tell.

Marijuana Stock to Watch: An Extraction Services Provider

MediPharm Labs (MEDIF Stock Report) (LABS) is an extraction services provider that has gained a large amount of momentum over the past few months. The company has seen some key operating profits that have not been afforded to other leaders in the cannabis industry. With its operations only beginning around a year ago, the company has consistently been able to produce a profit. The company does this through the use of fee-based revenue which has helped to produce the aforementioned profits.

With 2020 on the horizon, the company has worked heavily to increase its capacity to produce concentrates. It states that it could have the potential to push out as much as 500,000 kilograms of the product when operating at peak capacity. This means that the company needs to ensure that it has enough demand to produce that much product. With the alternative cannabis product market showing some great movement, MediPharm Labs looks like it has a unique opportunity to capitalize upon this. The hopes are that it can keep up the momentum moving into the near future.

Marijuana Stock to Watch: A Multi-State Operator

Planet 13 Holdings (PLNHF Stock Report) (PLTH)  is another one of the most prominent pot stocks to watch. The company has made its name in the MSO market with a heavy focus on consumer experience. Recently, Planet 13 Holdings opened its 112,000 square foot SuperStore in Las Vegas, right off of the strip. Recent news has shown that this one location is currently serving as much as 9% of the demand locally.

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The company has also stated that it has heavy plans to move into the Californian market as well. This means that it could see some renewed potential moving into the next few years as it develops there. The most recent operation shows that it plans to open a 40,000 square foot area in Santa Ana, CA. Hopefully, this can pay off for the company as the market continues to grow into the near future.

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