Here Are 3 Marijuana Stocks For A Better Watchlist
The future of marijuana stocks and cannabis investing as a whole is showing great promise. What does this mean? Well at one point in time the topic of legal cannabis was taboo and not many were up for the discussion. Since 2018 the legalization and industry have come a long way. There is currently more than half of the United States with established legal markets. As well as various regions around the globe that also have legal cannabis markets. Even with a lack of certain rules and federal laws the industry is still thriving and progressing in many places.
For a while, there was a high level of fear and concern which played a role in the volatility of the cannabis sector. Still, as more growth and success occur so does the motivation to find the best marijuana stocks to buy. More and more companies are making innovative breakthroughs in the form of products and strategic partnerships. As mentioned above there is currently work that needs to be done around the regulatory framework for the entire US cannabis industry.
The big battle currently happening is the fight to pass federal reform. Right now politicians are working to get the job done and federal reform passed. Whether it’s cannabis banking or the rescheduling of cannabis altogether it will take a strong effort of those in favor of legal cannabis. With this info, the marijuana stocks to watch below could be the investments you need to see future gains.
3 Marijuana Stocks For Cannabis Investing
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. On August 1st the company preannounced strong second quarter 2023 revenue. As well as strong gross margins and provided full-year guidance.
Based on a preliminary and unaudited review, the Company anticipates:
- Net Revenue of $72.1 million, an increase of 12.7% year-over-year and 3.9% sequentially
- Gross Profit Margin increased to 50.2% compared to 48.8% in Q1 2023 and 37.5% in Q2 2022
Jushi Holdings Inc.
Jushi Holdings Inc. a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions across the United States.
On July 28th the company announced it will report its Q2 2023 financial results on August 11th, 2023. Management will host a conference call and audio webcast on Friday, August 11, 2023, at 8:00 a.m. ET to discuss the Company’s financial results.
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. In recent news, the company announced the expansion of Groove Line with the launch of Cara+. Greenlane launched the Groove brand in Fall 2022.
This was done to offer simple, functional, and reliable products at an affordable price point, filling a gap in the marketplace. Particularly for high-quality, value-driven essential items. The newest product, CARA+, delivers a high-quality solid concentrate device at a value price and further expands Groove’s product offerings that include glass, vaporizers, and accessories.
Words From The CEO
“The addition of Groove to our house of brands has been highly successful since its launch,” said Craig Snyder, CEO of Greenlane. “Our strategy is to accelerate growth and profitability with a key component of that coming from our innovative product development.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | email@example.com