Over the past year, we have seen some shifts in the market that has impacted marijuana stocks. The majority of these changes have been political. Given that the cannabis industry as a whole is based on the changing politics around the world, staying up to date on current events is an important factor. In order for the cannabis industry to continue to flourish in the upcoming years, it seems as though we need to see some large scale legal changes echo throughout the market. In places such as the U.S., we are still waiting on national legalization of marijuana.
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This is one of the biggest changes that need to go into effect, especially given the national support from the public regarding cannabis. Of course, we still have a long way to go before this can become a reality, but it does look like we are well on the way. For now, it seems that all we can do is watch certain pot stocks, and contribute financially to what could be the future of the cannabis industry.
In the case of changing the game, innovation is key. Only a few companies have really put forth the effort, mostly out of necessity, to create new and groundbreaking products. The companies mentioned below are only a handful of marijuana stocks to watch that are leading the charge for the future.
How Will This Marijuana Stock Change The Market
1933 Industries Inc. (TGIFF Stock Report) (TGIF) is one of the leading cannabis companies working out of the U.S. market. The company recently started working on its latest manufacturing and cultivation facility which should be up and running in the near future. With this new facility, the company should be able to move on with the production of new proprietary CBD wellness products that will be developed to target the California market.
Additionally, its subsidiary, Alternative Medicine Association, will also be producing new cannabis products as well. California stands as one of the best states for everything cannabis including marijuana stocks. Given that it is undoubtedly the largest cannabis market in the world, the potential for success is unparalleled. Studies have shown that the California market for cannabis could reach as much as $7 billion in sales by the year 2024. The hopes are that 1933 Industries can continue to be a part of it moving into the future.
Will This Marijuana Stock Make The Difference
Village Farms International (VFF Stock Report) (VFF) is a company that has been around for quite some time now. Beginning with the sales and production of vegetables, the company only recently began its foray into the cannabis market. Recently the company has stated that it has the potential to produce as much as 75,000 kilograms of cannabis when operating at peak capacity.
Additionally, the company has mentioned that it’s newest facility, could potentially help to double the production of marijuana to over 150,000 kilograms per year. The company has also made some big moves in the hemp market as well, With much in the works for Village Farms International, they continue to stand as a pot stock to watch.
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