Here Is How Marijuana Stocks Are Impacted By Politics
What will the future of marijuana stocks look like with federal reform? Over the years there has been a lot of speculation of what would occur. As well as how it would impact the cannabis industry and marijuana stocks. Some feel that federal reform will ease volatility and market tension. Nevertheless, this is not a sure thing but history has shown when positive news on reform is known most marijuana stocks begin to trade better. For a long while, some investors felt an industry-wide shutdown would occur due to how new and unregulated the legal industry once was.
After many years of no shutdowns or true fear of it safe to say it won’t happen. Too much money is being made and now more than ever legal cannabis is being backed and supported by both political parties. Anything can change but so far every hurdle companies and the industry have faced they found a way to go over it in some fashion. The growth of the industry is being done so by more companies expanding and meeting the increased consumer demand.
More people want more cannabis in more places and it seems that companies are hearing this call to action. In Florida, Trulieve has opened new locations anticipating the passing of Amendment 3 which would allow FL to have recreational cannabis. With all of this progress, this could be the time to do your research and get invested before things begin to ramp up even more. The companies below are a few marijuana stocks to watch for the rest of 2024
Top Marijuana Stocks For Your List
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- Jushi Holdings Inc (OTC:JUSHF)
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. engages in the development and distribution of cannabis accessories, vape devices, and lifestyle products in the United States, Canada, and Europe. From the 11th of October to the 21st GNLN stock saw a slight rise in trading. 
This moment gave slight hope as small profits were made but soon after this marijuana began to see more pullback. Back in a buy area, this marijuana stock to watch could see another recovery this week. Maybe with the launch of its recently announced inhalation device, its success will be the reason for the rise in trading.
[Read More] 2 Top Marijuana Stocks For Future Gains
Jushi Holdings Inc
Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. Back in mid-September, the company announced options issued to executive officers. Its board of directors has approved 5,385,000 replacement options for Jim Cacioppo, the Company’s Chairman and Chief Executive Officer. 
As well as 2,383,000 replacement options to other executive officers of the Company, and 394,758 replacement options to the Company’s non-employee directors. Jushi’s board of directors has also approved 300,000 options for issuance to Michelle Mosier, the Company’s Chief Financial Officer.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
