3 Marijuana Stocks To Watch In August 2024
What is it that marijuana stock investors specifically look for when investing? Now the basic principle to investing which is to buy low and sell high is the same no matter the investment. Yet when investing in different sectors certain factors can play a significant role. In the cannabis sector, politics like the upcoming presidential election or the push for better reform can be those factors. Things like state-level rules and regulations could also be a variable to consider.
For example, there could be a company that as a business is not doing too well but could still trade up in the market. This can also be vice versa where a company is profitable as a business but cannot see the market momentum reflect this success. So when investors are building their portfolios often they take time to do their due diligence. The more you can research and prepare the better the chances of seeing consistent profits.
There has been a shift in the way most marijuana stocks trade. Cannabis stocks are being seen as long-term investments with potential short-term gains. With the cannabis industry still considerably young there is more to be done to establish a more efficient market. Especially with no federal reform in place which many feel with be one of the last big hurdles for legal cannabis in the United States. The companies below are several cannabis stocks to watch this month.
Marijuana Stocks To Watch 2024
Greenlane Holdings, Inc. (NASDAQ:GNLN)
GrowGeneration Corp. (NASDAQ:GRWG)
Trulieve Cannabis Corp. (OTC:TCNNF)
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. 
The company’s CEO Barbara Sher gave a corporate update in a letter to shareholders. As well back in May the company received a Nasdaq notification of non-compliance with listing rule 5250(c)(1).
GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. 
The company has announced it has scheduled its Q2 2024 earnings release and conference call. There will be a conference call held on August 8th.
[Read More] Top Picks: US Marijuana Stocks to Monitor in August
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.
Once again the company has opened a new dispensary in Ocala, Florida. A grand opening celebration will be held Friday, August 2, beginning at 9 a.m.
[Read More] Top Ancillary Cannabis Stocks to Add to Your Watchlist Before August
Words From The Company
“We are pleased to expand access to medical cannabis in Florida with our second dispensary in Marion County,” said Trulieve’s Chief Executive Officer Kim Rivers. “Our Ocala patients now have another convenient option when looking for Trulieve’s elite customer experience and high-quality products.”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
