Monumental Election Event For The U.S. Cannabis Industry
Monumental things are occurring for the U.S. cannabis industry this week. As the results roll in from the Georgia election the Democrats have pulled off a major victory for top pot stocks in 2021. In the event both seats are taken from the GOP the shift in the Senate could get the MORE Act passed this year. In essence, this could shift the U.S. cannabis industry and stimulate rapid expansion and growth for the next few years. Currently, most top pot stocks have seen gains due to the new shift in power in the Senate. By mid-day top marijuana stocks like GrowGeneration Corp. (GRWG Stock Report) are up over 13% in the market. In reality, these gains are just adding to the 880% of the GRWG stock gained in 2020.
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Currently, there are many ways to gain exposure to the growth the U.S. cannabis industry could experience in the next five years. At the current time, some of these American cannabis stocks to buy have more than doubled in value in 2020. As positive sentiment continues in the U.S. for the growing cannabis market multi-state operators have the opportunity to expand and grow. In the U.S. alone the cannabis market could grow to $35 billion by 2025 according to New Frontier Data the potential for investors could be sizable. With so many companies showing potential at the current moment picking the right ones for your investing style is important.
U.S. Cannabis Market Growth In America
At the present time, many investors feel that cannabis legalization is already in stone in 2021 and the market is rallying around top pot stocks right now. In the next decade, the U.S. cannabis industry has the ability to generate approximately $13.7 billion in net revenue for the U.S. Treasury over the next decade. Another key element the cannabis industry could bring in the future is employment opportunities in America. As one of the fastest-growing industries at the moment, the cannabis workforce will increase in the coming years. In essence, this could help to aid a recovering U.S. economy for the next few years.
While January has been amazing to start for top pot stocks to watch the future could be even more promising. As long as U.S. cannabis companies continue to deliver strong financials in the first quarter of 2021 marijuana stocks could see more gains in the market. For the purpose of finding the top cannabis stocks in 2021 with growth potential let’s look at 2 pot stocks to watch right now.
Marijuana Stocks To Watch
Planet 13 Holdings Inc. (PLNHF Stock Report)
Columbia Care Inc. (CCHWF Stock Report)
Top Pot Stocks To Buy {Or Sell} In 2021: Planet 13 Holdings Inc. (PLNHF)
Planet 13 Holdings Inc is a cannabis company based in Nevada, with award-winning cultivation, production, and dispensary operations in Las Vegas. Planet 13’s recognizable global brand is known for its dispensary operation on the Las Vegas strip the Planet 13 Superstore. The company began expanding in 2020 and plans to enter California with another Superstore in Santa Ana in 2021.
In addition, Planet 13 has reopened its smaller dispensary model the Medizin Dispensary to serve the locals in the Las Vegas area. In general Planet 13 closed 2020 with record revenue growth during a year that was bad for tourism in Las Vegas. During 2020 Planet 13 also made some additions to the Superstore sales floor that will cut down customer wait times for service. Also important is the growing popularity of Planet 13’s in house brands that are now contributing 25% of SuperStore revenue.
PLNHF stock is up almost 8% in the market today starting the year reaching new highs in 2021. As Planet 13 builds its second SuperStore investors should pay attention to how the new growth increases revenue in 2021. As it stands in 2020 PLNHF stock gained 185% in the market and has growth potential for 2021. With this in mind, PLNHF stock is a top pot stock to watch for 2021.
Top Pot Stocks To Buy {Or Sell} In 2021: Columbia Care Inc. (CCHWF)
Columbia Care Inc. is one of the largest cultivators, manufacturers, and providers of cannabis products in the U.S. Currently, the company has licenses in 18 US jurisdictions and the EU. In addition, Columbia Care operates 107 facilities including 80 dispensaries and 27 cultivation and manufacturing facilities. In essence, the company is one of the original providers of medical cannabis in the U.S. At the end of December 2020, the company announced it opened its first dispensary in Virginia. Also, in 2020 Columbia Care was recognized as one of the fastest-growing companies in the world. Additionally, the company was named to the top 1% of the Growjo 10,000. With attention to the record revenue the company posted in its latest financials, 2021 could have more of the same.
CCHWF stock is up almost 9% in today’s trading and could be positively impacted by recent political events. In reality, new legislation could catapult Columbia Care into becoming one of the biggest cannabis operators in the U.S. In addition, CCHWF stock gained over 143% in the market in 2020 and could have more value this month. For this reason, CCHWF stock is a top cannabis stock in 2021.
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