These Marijuana Stocks Could Make You Money If You Knew This Info
Many marijuana stocks still trade with high levels of volatility. Even as 2024 is still just getting underway. So far over the last 6-8 weeks, there has been an increase in price fluctuation. To be fair much of the rise in trading at the end of December was based on the start of 2024. The reason for this is speculation. When investors believe that something big will happen they will tend to search for marijuana stocks to buy.
Those who buy can bring the price of stock up and those who sell can drive the price down. Most cannabis stocks are impacted by what is occurring around the sector. Such as what other companies are doing especially if they are in the same niche. Also, the amount of financial success can also create a reason to see price fluctuation for the sector.
Now with 2024 being a time to push the boundary once again enacting some type of federal reform looks to be the big catalsy for marijuana stocks. Not to mention which presidential candidate will make their promise to help the industry. All of the info above is setting the path to a potentially profitable year for shareholders. Below are some marijuana stocks to watch as trading in 2024 continues.
Top Marijuana Stocks For You 2024
- GrowGeneration Corp. (NASDAQ:GRWG)
- Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)
- The Scotts Miracle-Gro Company (NYSE:SMG)
GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. On February 1st the company announced that Drip Hydro has launched a powder nutrient for cultivation. 
This cutting-edge product line sets a new standard in the market, being one of the most balanced, clean, and cost-effective nutrient solutions available today.
Words From The CEO
“Our team at Drip Hydro is dedicated to providing the cannabis cultivation community with the best possible nutrients,” said Darren Lampert, CEO & Co-Founder of GrowGeneration.”
Hydrofarm Holdings Group, Inc.
Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. 
Recently the company showcased its indoor cultivation solutions on “The Balancing Act” television show. As part of the show’s sustainable living series, Hydrofarm will spotlight its expertise in indoor, year-round gardening, showcasing high-quality, eco-friendly products.
[Read More] Top Marijuana Stocks To Follow In 2024
The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. 
In recent news, the company reported its earnings for the first quarter ended December 30, 2023.
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Highlights And Key Mentions
- For the quarter ended December 30, 2023, total Company sales declined 22 percent to $410.4 million from $526.6 million a year ago.
- U.S. Consumer net sales decreased 17 percent to $306.7 million from $369.0 million in the same period last year,
- GAAP and non-GAAP adjusted gross margin rates for the quarter were 15.2 percent and 13.7 percent, respectively.
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