Are These Marijuana Stocks To Buy The Right Investment Option?
As marijuana stocks continue to recover investors are still scanning the market for more opportunities. While many cannabis stocks are starting to see better trading others are still in the red. This is giving investors a chance to sell shares of the stocks that are rising while purchasing shares of the cannabis stocks that are dropping. A great deal of investing is happening off speculation in regards to the future of the cannabis industry.
Currently, in the cannabis industry, there is much work being done to establish better marijuana laws in the United States. 2 cannabis bills have been reintroduced to congress 1 for cannabis banking and the other to legalize cannabis on a federal level. Beyond that more states are preparing to vote on whether or not to pass some form of state-level cannabis legislation. With more states going legal it will help more MSO cannabis companies to start developing business in new markets.
The more business publicly-traded cannabis companies have the more potential it has to perform well amongst other marijuana stocks. With many people looking to get involved in the cannabis industry some don’t know where to start. That is why looking for marijuana stocks to buy can be a good starting point. Especially with all that is currently going on in the cannabis sector. Not everyone has the access to invest directly into the company they wish.
So the next best thing is looking for the top cannabis stocks to buy that have the strongest chance at making you money. Much of this takes time patience and understanding which comes from learning all you can about cannabis stocks and the market. With a basic understanding of both, you may be able to have a better chance of having a profitable portfolio of winning marijuana stocks.
Marijuana Stocks To Watch This Month
Trulieve Cannabis Corp.
Trulieve Cannabis Corp is one of the better performing cannabis stocks in the last year. The company was one of the first vertically integrated seed-to-sale operations in the U.S. As well the company was also the first fully licensed medical cannabis company in the State of Florida. In recent news, the company has announced that it will be expanding even further into Pennsylvania’s cannabis market by acquiring Keystone shops. Trulieve has agreed to purchase from Anna Holdings LLC a dispensary license operating under Keystone Shops.
Kim Rivers, Trulieve CEO stated, “Trulieve continues to bolster our national expansion efforts with acquisitions that both complement our current portfolio and strengthen our long-term strategy. The Keystone Shops are located in a densely populated area of Pennsylvania and with their staff’s knowledgeable and customer-centric approach to patients, these dispensaries are valuable additions to our Pennsylvania portfolio.”
Essentially from the start of the new year TCNNF stock has been able to sustain a solid market position. For the month of January, TCNNF stock saw a total monthly gain of 19 percent. This initial boost in momentum carried over into February. At the start of February TCNNF stock was able to keep rising in the market. From the 1st to the 10th of February TCNNF stock had a 27 percent increase in trading.
Final Thoughts On TCNNF Stock And Market Performance
Shortly after this time, TCNNF stock dipped a bit the rest of February. At the start of March TCNNF stock was still having trouble building up momentum. However, from the 8th of March to the 16th TCNNF stock began to rise once again which made for gains of 21 percent. As well during this time TCNNF stock also reached new all-time highs before dipping once again for the rest of March. Currently in April TCNNF stock has slowly started to build more momentum as investors wait to see if better trading will happen.
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Jushi Holdings Inc.
Jushi Holdings Inc. has been another marijuana stock to watch that investors have taken an interest in. In recent news, Jushi announced it has completed the previously announced acquisition of 100% of the equity of Franklin Bioscience NV, LLC. The original announcement happened back on July 25, 2019, and now it is finally complete.
“We are extremely pleased to complete this acquisition and solidify our presence in Nevada, particularly the greater Las Vegas region,” said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi.
In the last 2 months of trading JUSHF stock has been able to build more momentum. As well as maintain a promising market position. Back in February JUSHF stock was able to see an uptick in trading during the first half of the month. February 1st to the 9th JUSHF stock saw gains of 22 percent. Yet right after this time JUSHF stock lost some of this momentum. However, the company still held a decent market level for the rest of the month.
When trading in March started another drop in the market occurred. Still even with a drop in the market small spikes in trading did happen. Yet not to the extent of a full recovery. As of April JUSHF stock has started to push back up as better trading is now coming back.