Will These Marijuana Stocks Be Top Gainers Next Year?
Marijuana stocks are not a bad investment for those who can adapt to change. To elaborate much of the cannabis sector is inconsistent with its trading patterns. For the last year, the amount of volatile trading that has occurred has been heavy. This has made it tough for shareholders to take profits due to how quickly recoveries can last. Now some have been able to change their trading styles to align with the sector.
Although this is easier said than done because the sector can be red for days and out of nowhere begin to recover. Just when shareholders feel this momentum will sustain a pullback begins to happen. This has created more fear the optimism which is why the passing of federal reform would be a big help. If people were not in fear of federal penalties we could see all-around better upward trading and less volatility.
Cannabis is still federally illegal in the United States so the worry that federal regulators could step in makes things worry some for shareholders and investors. Nonetheless, states have the legal power to vote and start legal cannabis markets. So far just in the US states have been hitting over a billion dollars in revenue. Just the high amount of legal cannabis sales brings positive speculation when searching for marijuana stocks to buy.
Marijuana Stocks To Watch In The Stock Market
- The Scotts Miracle-Gro Company (NYSE:SMG)
- GrowGeneration Corp. (NASDAQ:GRWG)
- Village Farms International, Inc. (NASDAQ:VFF)
The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company is involved in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other.
In recent news, the company announced that company has met with leading environmental partners. This meeting was to discuss environmental justice water quantity and quality solutions.
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GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries owns and operates retail hydroponic and organic gardening stores in the United States. Recently the company announced the opening of its 60th store in Mount Holly, New Jersey.
The Mount Holly location represents the Company’s 60th store and officially expands operations into 16 states. The new store is 7,700 square feet and will include vertical farming demonstrations and educational support for growers to build and maintain state-of-the-art grow operations to maximize their yields.
Words From The Company
Darren Lampert, Co-Founder and Chief Executive Officer of GrowGen said, “We are excited to open our first store in New Jersey and increase our reach and operations into a fast-growing and strategically important market.
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Village Farms International, Inc.
Village Farms International, Inc. together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America.
It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. On November 23rd the company’s subsidiary Pure Sunfarms launched Nowadays. This is a collection of CBD products designed for daily living.
Words From The Company
“With 30 percent of Canadian cannabis consumers seeking out CBD-dominant products1, we know a CBD-focused brand will resonate with this consumer and help break through the clutter of THC-focused brands,” says Mandesh Dosanjh, President, and CEO, of Pure Sunfarms.
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