Top Marijuana Stocks For Investors To Watch Today
The cannabis industry has seen substantial growth and transformation since the end of the pandemic. Much of this has been, influenced by shifting legal landscapes and evolving public attitudes. As we approach the 2024 presidential election, the potential political changes could have significant ramifications for marijuana stocks.
Understanding these implications is crucial for investors considering whether to buy, sell, or hold positions in this sector. For most marijuana stock investors it has been buying and selling based on the volatility within the sector. The political climate plays a climactic part in how the future of marijuana stock trading will go.
One of the most critical elements is the push for finally getting federal legalization. Candidates and parties with supportive stances on cannabis legalization could bring about transformative changes. Federal legalization would likely lead to several positive outcomes for the industry, including:
Market Expansion: Legalizing marijuana at the federal level would open up new markets across the United States. This expansion could drive revenue growth for companies operating in the sector, making marijuana stocks more attractive to investors.
Regulatory Relief: Federal legalization could reduce the regulatory hurdles that currently burden marijuana businesses. Companies would face fewer restrictions and compliance issues, potentially lowering operational costs and enhancing profitability.
Investment Opportunities: Legalization might also attract more institutional investors and venture capital, providing the industry with increased funding and resources for growth.
Marijuana Stocks To Watch Now
- Ascend Wellness Holdings, Inc. (OTC:AAWH)
- The Cannabist Company Holdings Inc. (OTC:CBSTF)
- Green Thumb Industries Inc. (OTC:GTBIF)
Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. 
Recently the company has opened another dispensary In Pennsylvania. This makes for the company’s 5th location in the state and 39th location nationwide.
Words From The Co-Founder And President
“We are thrilled to expand Ascend’s reach to a new medical community in Pennsylvania with this opening in Whitehall. Patients now have more opportunities than ever to experience Ascend’s cutting-edge outlet dispensary model, which offers high-quality products at consistently low prices and is staffed by expertly trained budtenders to ensure personalized, knowledgeable service,” said Frank Perullo, President and Co-Founder at Ascend.
[Read More] September 2024 Watchlist: Leading Cannabis REITs for Investment
The Cannabist Company Holdings Inc.
The Cannabist Company Holdings Inc. engages in the cultivation, development, production, home delivery, and dispensary of cannabis products in the United States and internationally. 
On September 10th the company introduced a popular brand Seed & Strain into the Pennsylvania market.
Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. 
It operates through two segments, Retail and Consumer Packaged Goods. In recent news, the company announced it has refinanced its senior debt via a syndicated credit facility.
Highlights And Key Mentions
- Closes $150 million 5-year credit facility at an industry-leading interest rate of SOFR +5.00%
- Utilizes proceeds to retire existing senior secured debt, due April 30, 2025
- Oversubscribed, non-brokered offering is a first-of-its-kind of bank-only financing in the U.S. cannabis industry
[Read More] Best Ancillary Cannabis Stocks to Keep an Eye on This September
Words From The Company
“This financing is a first-of-its kind credit facility for the U.S. cannabis industry, marking a major step for Green Thumb and the cannabis industry broadly. Green Thumb’s focus on cash generation and disciplined capital allocation led us to this pivotal point,” said Founder, Chairman and Chief Executive Officer Ben Kovler.”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
