3 Marijuana Stocks To Watch With Continuous Momentum
We are now officially in a new year for marijuana stocks and the cannabis industry. This past year has been quite a roller coaster ride, to say the least. Back in 2020, many different events happened that may potentially change the cannabis industry going forward. So to start in the beginning of 2020 right around March the market overall started to crash. Then COVID 19 happened and many thought it would affect marijuana stock in a bad way. But on the contrary, many of the top marijuana stocks started to fully recover during that time. Due to stay-at-home orders dispensaries were some of the businesses left open after being deemed essential.
With cannabis-related businesses left open many marijuana stocks shortly after March began to recover. As well in 2020 back in November during the presidential election, one of the most comprehensive cannabis bills was drafted up. During this time the House passed the MORE Act. which is a bill that would remove cannabis from being federally illegal. When many thought this pandemic would hurt the industry cannabis prevailed. Before the new year came some cannabis companies took advantage of this time and decided to join forces.
Right before the new year Aphria Inc. and Tilray Inc. partnered up to create what is said to be the world’s largest cannabis company. This may lead to other cannabis companies doing the same which would allow more growth and innovation to the industry. Below we will discuss a few marijuana stocks that were able to thrive in 2020 and how 2021 could be another year of even more progress.
Marijuana Stocks To Watch
Marijuana Stocks To Buy [Or Sell] In 2021: Green Thumb Industries Inc. (GTBIF)
In 2020 Green Thumb Industries Inc. was able to show why they are one of the top marijuana stocks to watch. During 2020 GTBIF stock has been trading up most of the year with consecutive gains month after month. If we look back at the month of October GTBIF stock increased 21% for the entire month. If we look at the month of November GTBIF stock shot up again by 27%.
Not to mention during this time Green Thumb posted record-breaking Q3 earnings that showed consecutive gains from its previous quarter in 2020. For the month of December GTBIF is up 14%. In addition to this, the company partnered with the world-famous cookies brand to open up a Florida location sometime in 2021. Now that 2021 is finally here Green Thumb Industries Inc. has a great deal of momentum it will use to the company’s advantage.
Marijuana Stocks To Buy [Or Sell] In 2021:Curaleaf Holdings, Inc. (CURLF)
During this past year Curaleaf Holdings, Inc. was able to show investors why it is a top marijuana stock to watch. As most marijuana shortly after March lows the company was able to make a full recovery and reach new highs. From the end of March to May 18th, CURLF stock shot up over 65%. With the exception of a slight dip in September, CURLF stock was able to show consistent gains for 2020. From September 28th to October 28th CURLF stock was able to continue its move up in the market with a 67% increase in trading.
In November when many pot stocks posted record-breaking Q3 earnings it caused a bit of an uptick for cannabis stocks. During this time period, CURLF was able to continue its climb by trading up in the market by 9%. YTD CURLF stock is up 89% and now in 2021, this marijuana stock to watch has investor’s attention to see what will come in the new year.
Marijuana Stocks To Buy [Or Sell] In 2021: Jushi Holdings Inc. (JUSHF)
Jushi Holdings Inc. is another marijuana stock that made the most of 2020 and had the gains to prove it. Over the last 6 months, this marijuana stock has caught some solid momentum and saw gains of over 90%. Like some of the other top gainers of 2020 Jushi Holdings was able to show some form of consistency in a volatile market. Even in the midst of a pandemic, this marijuana stock was able to post a new 52 week high of $6.33.
For the month of December JUSHF stock continued to trade upward in the market with an increase of 20%. Jushi Holdings Inc. is another marijuana stock that has shown in a market filled with uncertainty and volatility that a profit can still be made. Overall this momentum goes to show that the cannabis industry is one that has the ability to weather the storm. As well for those who are looking to invest make sure to always do your research when looking to invest in the best marijuana stocks to buy.
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