The Best 3 Marijuana Stocks For Making Money 2024
If you are a marijuana stock investor there is much to look forward to that could help how the sector performs. For some time now the cannabis sector has displayed high levels of volatile trading. Much of this is due to doubt and fear of what is to happen to the cannabis industry. This is a big thought caused by the lack of federal reform in the industry. As it stands cannabis is still federally illegal even though more than 50% of the US has already established legal cannabis markets.
Still, as 2024 is just getting started there could be several catalysts that could help make a profit. To start this year is a time when registered voters in the US will vote for a new President. The importance of this is oftentimes presidential candidates make promises and some regard legal cannabis. If a candidate could help pass better laws or offer any value to legal cannabis this would be huge. Now it’s safe to say the upside of news like this is seeing a possible rise for marijuana stocks.
In conjunction with cannabis campaign promises currently political figures from each party are working to establish federal reform. Not to mention over the last several years the demand for cannabis products has increased. With the demand increased so have revenue in most legal states. What the above information points out is the potential of the sector and how being invested even in volatile times could pay off. So if you are looking for marijuana stocks to buy make sure you do your research. As well as having a strategy that allows you to adapt to any market changes.
Top Marijuana Stocks To Watch 2024
In recent news, the company announced the opening of its 34th medical cannabis dispensary in Florida and 37th retail location nationwide.
Words From The Company
“We look forward to servicing the Cocoa community with the first drive-thru cannabis dispensary in the area, offering friendly service and a vast assortment of products,” said FLUENT Director of Marketing David Letro. “The dispensary will build a strong relationship with the Cocoa community and become a mainstay in the local economy through FLUENT’s offering of high quality discrete and accessible cannabis.”
Gold Flora Corporation
The company was founded in 2017 and is based in Costa Mesa, California. Recently the company announced the opening of the Company’s 16th cannabis dispensary, located in Corona, California.
Words From The CEO
“To complete this store, we leveraged our considerable retail expertise, together with the best designers, architects, and customer experience experts, to develop what we believe is one of the most exciting cannabis dispensaries in the region,” said Laurie Holcomb, Chief Executive Officer of Gold Flora.”
Ayr Wellness Inc.
Ayr Wellness Inc. operates as a vertically integrated cannabis multi-state operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. Recently the company announced the closing date for the previously announced plan of arrangement which is set for on or around February 7th.
The company is pleased to announce that it has met the regulatory requirements. These particular requirements necessary were for the closing of the previously announced plan of arrangement under Section 192.
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