These Marijuana Stocks Could Pick Up Moment This Month
Moving into September we could see marijuana stocks have stronger trading. Now the possibility of this better trading is based on speculation. As well as volatility, in addition to reform and other areas of cannabis politics. Essentially all the same components have led to rises and falls for most marijuana stocks in the market. Nevertheless adapting to how the market performs and adjusting trading strategies is how many have been able to take profits.
Right now is the time for yet another presidential election and when candidates speak on hope for the future of the cannabis industry the speculation often leads to a rise. This is usually followed by false promises or some roadblock or holdup. Which ultimately leads to a decline. But this is the way of the sector and as the old saying goes buy the rumor sell the news. Some cannabis stock saw another dip when the DEA recently announced they would have to put a hold on efforts on rescheduling cannabis due to this upcoming presidential election.
There is also the growing demand for cannabis which has led companies to yield large amounts of revenue most companies reporting earnings in the billion. With this success, in the midst of all other hurdles, more companies expanding in different locations and working to meet the market demand for more cannabis products. What this shows is there is a place for cannabis in the world with the abitly to invest without feeling like you are committing a crime. Below are several cannabis stocks for people looking to invest in top cannabis companies.
Top Marijuana Stocks For You 2024
- Green Thumb Industries Inc. (OTC:GTBIF)
- Curaleaf Holdings, Inc. (OTC:CURLF)
Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells cannabis products for medical and adult use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. At the end of July, the company announced the opening of a new RISE dispensary in East Syracuse. This new location can now serve patients and adult-use customers in the Empire State.
Words From The Company
“We are incredibly excited to continue our expansion in New York with the opening of our first RISE Dispensary in Syracuse this Friday. We have several team members that attended ‘Cuse who are thrilled to introduce our award-winning products to the community, including RYTHM, Dogwalkers, incredible and Beboe,” said Green Thumb President Anthony Georgiadis.”
[Read More] Top Canadian Marijuana Stocks To Watch In 2024
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. During the 2nd week of August, the company opened a new dispensary in Destin Florida.
Words From The CEO
“We are thrilled to broaden our reach in Florida as we open up our latest dispensary beachside in Destin,” said Matt Darin, CEO of Curaleaf. “We are committed to the expansion of our retail presence in Florida, proudly bringing our total retail footprint to 64 dispensaries statewide and 150 nationwide.”