Ready To Buy The Best Marijuana Stocks?
The cannabis sector is being hit with a large amount of speculative trading. Much of this is done based on the future of laws and regulations. Especially with the DEA’s recent agreement to reschedule cannabis to class 3 narcotics. Yet with the long-fought battle with reform, people have better insight into how to prepare. So for instance, if you are an investor you would search for the best marijuana stocks to buy at the best entry point.
Cannabis stocks trade with large amounts of volatility so it is common to see top companies at low price points. However, the quick price fluctuation makes it difficult to know when to buy and sell. The legal cannabis industry across the globe has come a long way. Legal cannabis operators are working to meet the increased demand for more products. From this companies have been generating large amounts of revenue which has resulted in strong earnings.
When people can see that beyond politics business is profitable it shows there is the potential to make money. Currently, the cannabis sector is being seen as a promising mid to long-term investment. With more to be done there is a strong positive outlook for the industry as a whole and those who want to invest. Make sure you do your research and put a plan together that gives you the best odds of seeing strong profits. Below are some marijuana stocks to watch for better trading in 2024.
Marijuana Stocks For Your 2024 Portfolio
- Trulieve Cannabis Corp. (OTC:TCNNF)
- GrowGeneration Corp. (NASDAQ:GRWG)
- Jushi Holdings Inc. (OTC:JUSHF)
Trulieve Cannabis Corp.
Trulieve Cannabis Corp., together with its subsidiaries, operates as a cannabis retailer. The company cultivates, processes, and manufactures cannabis products and distributes its products to its dispensaries, as well as through home delivery. 
In recent news, the company has announced the opening of its 200th dispensary. The set date for this new location to be fully open for business is June 14th.
Words From Kim Rivers
“We are thrilled to celebrate this major milestone with our 200th dispensary opening in our home state of Florida,” said Trulieve’s Chief Executive Officer Kim Rivers. “Since our first medical dispensary opened in 2016, Trulieve has grown to become the world’s largest legal cannabis retailer.”
[Read More] Top Cannabis Penny Stocks to Consider in June
GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. On May 30th the company announced it will be partaking at the KCSA Cannabis Virtual Investor Conference on June 5th. 
Darren Lampert, Co-Founder, Chief Executive, and Chairman of the Board of GrowGeneration will participate in a live fireside chat.
[Read More] June 2024 Watchlist: Leading US Cannabis Stocks
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. On May 9th the company reported its Q4 2024 financial highlights. 
First Quarter 2024 Financial Highlights
- Total revenue of $65.5 million
- Gross profit and gross profit margin of $32.3 million and 49.4%, respectively
- Net loss of $18.4 million
- Adjusted EBITDA1 of $13.3 million, an improvement of $5.7 million year-over-year
- Adjusted EBITDA1 margin of 20.4%
- Cash, cash equivalents, and restricted cash of $30.6 million as of the quarter-end
- Net cash flows provided by operations of $6.5 million
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