What Will These Pot Stocks Look Like in the Long Term?
The short term with marijuana stocks is something that is difficult to predict. Because there are so many pot stocks and areas of the cannabis industry, each acts very differently. Despite these areas having a high correlation to one another, traders tend to trade different pot stocks in different ways. While marijuana stock investors might like Aphria Inc. (APHA Stock Report), Trulieve Cannabis Corp. (TCNNF Stock Report) and GW Pharmaceuticals Inc. (GWPH Stock Report) in the long term, they may not be the best for those who swing trade. But, what we can do is try and use the information we have to make longer-term assumptions. We know that there is a presidential election coming up in the U.S.
This election will undoubtedly have a large effect on the cannabis industry. What that effect is and how it will move marijuana stocks remains widely unknown. In addition, we know that there should be a great deal of growth amongst the cannabis industry in the next decade. But, we don’t know exactly when or where that growth will take place. As you can see, it is best to use the information we have to try and predict what could take place in the cannabis industry. With that in mind, these three marijuana stocks could have a bright future if all things go according to plan.
Marijuana Stock to Watch: Greenlane Holdings Inc.
Greenlane Holdings Inc. (GNLNStock Report) may not be a marijuana stock you’ve heard of before, but it does have a great deal of value. The company states that it works in the global distribution of accessories to those who smoke or consume marijuana. In addition to vaporizer accessories, the company has several in house brands including accelerators and lifestyle providers. With its expansive base of customers, the company has its products in more than 11,000 retail locations.
Because it does not sell cannabis itself, the company is able to have its products in dispensaries as well as smoke shops and retailers. In the past few years, GNLN stock has been able to gain a great deal of momentum in the cannabis industry. Because it does not have many competitors, it is also able to grow quite quickly. In the past six months, shares of GNLN stock have shot up by over 54% which is very substantial. With this in mind, GNLN stock remains a leading pot stock to watch.
Marijuana Stock to Watch: Innovative Industrial Properties Inc.
Innovative Industrial Properties Inc. (IIPR Stock Report) is one of the most consistent gainers in the cannabis industry. The company itself operates as a REIT or real estate investment trust. This means that it purchases properties which are then leased to customers for a range of 5-10 years or longer. In the past few months, IIPR stock has managed to make very sizable gains. In the longer term, we have seen Innovative Industrial Properties expand quite broadly with a large number of property acquisitions. Similar to the above mentioned company, IIPR stock has no role in the buying or selling of cannabis. Rather, the company is able to make big gains off of the cannabis industry when things are going well.
Because it does have long term contracts, many investors feel confident in both the short and long term of IIPR stock. In addition, the company pays out quite a hefty and consistent dividend back to investors. In the past few years, IIPR has become the go to company for all things related to cannabis real estate. Because of this, many investors have begun to hop on the IIPR stock train. With so much going for it, IIPR stock remains a definite pot stock to watch.
Marijuana Stock to Watch: OrganiGram Holdings Inc.
OrganiGram Holdings Inc. (OGI Stock Report) is one of the leading Canadian marijuana stocks to watch. In the past, OGI stock has suffered from a great deal of volatility. While this is normal in the cannabis industry, it is not always something that investors want. Since its listing on the NASDAQ back in April, OGI stock has been able to make some big headway in the cannabis industry. The company is in production of both indoor and outdoor cultivation of cannabis in Canada.
A few months ago, the company reportedly invested around $15 million in an automated production line for new edible products. The goal with this is to take advantage of Cannabis 2.0 in Canada. For those who don’t know, Cannabis 2.0 is the name given to new legislation in Canada that allows derivative and edible products to be sold. With this new machine, the company should be able to automate production of around 4 million kilograms of cannabis. All things considered, OGI stock remains a leading pot stock to watch.
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