Marijuana Stocks to Watch As the Market Moves With Upward Momentum
While investor interest in marijuana stocks has never really slowed down, we have just now begun to see more than ever come into the cannabis industry. In the past three months, the bulls have helped to push pot stock prices higher and higher. While many thought the coronavirus would be a major long term detriment to the cannabis industry, it seems as though the opposite has happened. We have in turn, seen a major rise in demand for marijuana which has helped to give a massive spike to financials put out by leading marijuana stocks to watch. For this reason, investor interest seems to have been reignited in only a short period of time.
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And while investing because of short term results can be a good option, the real potential for marijuana stocks sits in the long term. Investors should use this time to locate where value is hiding in the cannabis industry to make their list of which marijuana stocks to watch and which to not. Because you probably know about the most popular marijuana stocks in the industry, the ones mentioned below might not be the first ones you think about. For that reason, these are two pot stocks to watch moving forward.
A Leading CBD Pot Stock
Charlotte’s Web Holdings Inc. (CWBHF Stock Report) is quite a well-known company for any would-be marijuana stock investor. In the past few months, CWBHF stock has climbed by more than 50%. For those who don’t know, the company operates by producing various types of CBD infused products. With an over $1.6 billion market cap, CWBHF is in no way a small pot stock to watch. Rather, the company has made a name for itself selling its products across the U.S.
Currently, it states it has its products in as many as 6,000 retail locations which is a massive number. In addition, CWBHF stock saw a huge boost in its price once the Farm Bill became law a few years ago. Since that time, it has been able to greatly increase the amount of product it is producing and selling to consumers. Although its sales have been down slightly, the demand for CBD products is continuing to shoot up. This is one of the main reasons that so many view the company as a marijuana stock to watch.
Marijuana Stock To Watch A High-Grade Cannabis Producer
Village Farms International Inc. (VFF Stock Report) is one of the most prominent growers of marijuana in the industry. The current market cap for VFF stock is in the $700 million range which definitely makes it one of the larger companies. But, what makes Village Farms a marijuana stock to watch is its capacity to grow cannabis. The company back in the day formed a joint venture with Emerald Health that meant it could now have access to over 2.6 million square feet of greenhouse space.
If its yields are the same, the company has the potential to grow as much as 300,000 kilograms of cannabis when operating at peak capacity. Because of its efficiency, VFF stock has been able to show more profitability than most other similar competitors. Although growing cannabis can be a low margin business, Village Farms has been able to maximize its output. Because of these factors, the company remains a marijuana stock to watch.
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