3 Marijuana Stocks: This Is How Federal Reform Can Eliminate Volatility
Cannabis reform has played a big part in the way most marijuana stocks trade. But reform has been both bittersweet for consumers and business owners. For particular states in the US having legal cannabis is a certain victory for the culture. But in places like Florida quality is a big concern for consumers and the lack of proper quality control has impacted business dramatically. Which in turn has shaken some board members and shareholders for those companies that are publicly traded.
Now the upside is when there is positive news on reform often this has a positive impact on how the sector performs. When the industry does well as a whole most times cannabis stocks follow in the same fashion in some way. 2025 there will be a continued push to establish more efficient and comprehensive laws. Currently, even with billions being made with legal cannabis no federal reform has passed which is the leading cause for volatility.
But overall the USA and other global regions have done the impossible to many and that is to create a legal cannabis market. Now is a great time to get involved and invested. Even with the sector on the downside more so than not due to volatility, the strategy is long-term investing. For those looking for marijuana stocks to buy make sure you do your research and make a trading plan.
Top Marijuana Stocks For You Today
- High Tide Inc. (NASDAQ:HITI)
- Greenlane Holdings, Inc.(NASDAQ:GNLN)
- WM Technology, Inc.(NASDAQ:MAPS)
High Tide Inc.
High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally.
In recent news, the company announced it will open its 75th Canna Cabana retail cannabis store. The company will be operational on Saturday, December 14th.
Words From The Company
“I’m very excited about our recently announced global Cabana Club launch and its potential to disrupt the online landscape with our cutting-edge products and unbeatable pricing.” said Raj Grover, Founder and Chief Executive Officer of High Tide.
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. Founded in 2005, Greenlane is a premier global platform for the development and distribution of premium smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers. Recently the company announced it has begun distribution of Toxi Shield by Safety Strips. 
Words From The CEO
“With rising fears of a potential nuclear conflict or accident after Russia’s invasion of Ukraine and tech companies increasingly considering nuclear power to meet their energy needs. We believe adding the Toxi Shield product to our distribution platform is consistent with our ongoing product diversification initiative designed to offer our customers a broader array of premium health, safety and wellness products,” said Barbara Sher, Chief Executive Officer for Greenlane.
[Read More] 3 Cannabis Stocks In The Public Sector You Should Know About
WM Technology, Inc.
WM Technology, Inc. provides e-commerce and compliance software solutions to retailers and brands in the cannabis market in the United States and internationally. During mid-November of 2024, the company reported its Q3 2024 financials. 
Highlights Keymentions Q3 Results
- Net revenues of $46.6 million increased from $45.9 million in the prior quarter and decreased from $46.7 million in prior year period.
- Average monthly paying clients(1) of 5,100 increased from 5,045 in the prior quarter and decreased from 5,414 in the prior year period.
- Net income increased to $5.3 million from $1.2 million in the prior quarter and net loss of $2.5 million in the prior year period.
- Adjusted EBITDA(3) increased to $11.3 million from $10.1 million in the prior quarter and $10.7 million from the prior year period.
- Total shares outstanding across Class A and Class V Common Stock were 152.9 million as of September 30, 2024.
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