Top Marijuana Stocks For Day Traders In May

The Best 3 Marijuana Stocks For Your 2024 Watchlist

What will happen to marijuana stocks if cannabis does not get rescheduled? Some see this as a possibility and investors want to be prepared. With all the recent talks of cannabis being dropped from a scheduled 1 to a class 3 substance it has led to a rise in trading. The speculation of what’s next to come is also feeding into momentum pouring into the sector.

The goal should be the reclassification of cannabis and putting it into the same place as alcohol and tobacco. Many feel this is just a way for big pharma to enter the cannabis space dominantly. Also many fear the uncertainty of what will happen to existing cannabis businesses. But even with all this going on people should keep watch for any market changes. In a volatile market like cannabis, preparation is key. You want to be ready to take profits and find top marijuana stocks to buy.

Cannabis is still a growing industry that still needs a lot of work. This is mainly in the form of regulations and reform and fair tax structures for legal operators. That has been the biggest hurdle for those who own and run legal cannabis businesses. Which in turn has played a role in how some pot stocks trade in the market. Nevertheless, with proper research and good strategy, the marijuana stocks to watch below could be good investments to make.

Top Marijuana Stocks To Watch 2024

  1. Canopy Growth Corporation (NASDAQ:CGC)
  2. Village Farms International, Inc.(NASDAQ:VFF)
  3. Tilray Brands, Inc. (NASDAQ:TLRY)

Canopy Growth Corporation

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. On May 7th the company confirmed USA’s exercise of options to purchase Wana and Jetty. marijuana stocks on robinhood Canopy Growth (CGC)

The exercise of these options is a critical next step to enable Canopy USA to fulfill its intent to establish a leading, brand-focused powerhouse. It is also expected that once completed, these acquisitions will enable Canopy USA to realize compelling financial benefits, including the ability to drive revenue growth and realize cost synergies across the Canopy USA ecosystem.

[Read More] 3 Marijuana Stocks To Watch In May 2024

Village Farms International, Inc.

Village Farms International, Inc., together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. VFF

It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy.  In recent news, the company reported its Q1 2024 results.

First Quarter 2024 Highlights

  • Total Sales Grow 21%, Net Loss Per Share Improves to ($0.03), Adjusted EBITDA
  • Increases Six-Fold to $3.6 Million
  • Canadian Cannabis Retail Net Sales Grow 28% Organically Year-Over-Year, with
  • Positive Adjusted EBITDA and Positive Free Cash Flow
  • Canadian Cannabis Expands Number 2 National Market Share Position1
  • Fresh Produce Delivers Profitability on Higher Year-Over-Year Sales and
  • Improved EBITDA Margin

[Read More] High Potential: Top U.S. Cannabis Stocks Poised for Growth

Tilray Brands, Inc.

Tilray Brands, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. marijuana stocks on robinhood Tilray Inc. (TLRY)

Recently the company launched XMG Zero, a better-for-you cannabis beverage.  XMG Zero, an extension of XMG’s original core line, now offers two new THC beverages: Cream Soda Zero and Orange Soda Zero.

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