The Best Way To Invest In Marijuana Stocks Starts Here
Many marijuana stock investors and people in the industry are happy to start the new year. There is much anticipation of what will take place for the cannabis industry in 2024. There is still the long-standing battle to pass federal reform which could happen this year. As well more places around the world are working to legalize cannabis. The more regions that legalize cannabis the stronger the global cannabis industry can become.
At this time the United States is the front-runner for the most profitable cannabis market. There are a lot of companies that are working hard to keep up with the consumer demand for cannabis. With more products comes the potential to see even more revenue. In 2023 many cannabis companies saw record-breaking profits. Yet even with strong revenue and company financials, it was not impactful enough to help the publicly traded side of the sector.
At one point in time when a company reported strong financials it will help how marijuana stocks trade. Investors watching one company do well led to speculation that similar cannabis stocks would follow suit. However, this is not the strategy as volatility has changed the way people find marijuana stocks to buy. Still with 2024 just starting there is time to learn about the sector and develop a trading plan. The companies mentioned in this article are just some marijuana stocks to watch in 2024.
Marijuana Stocks To Watch 2024
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Verano Holdings Corp. (OTC:VRNOF)
- Green Thumb Industries Inc. (OTC:GTBIF)
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida.
As well as through home delivery. In recent news, the company announced the opening of two new medical dispensaries in Crawfordville and Crestview, Florida.
Words From The Company
“We are excited to open these dispensaries, providing high-quality products and service for Florida patients in the Big Bend and Panhandle regions,” said Trulieve’s Chief Executive Officer Kim Rivers.”
[Read More] Top Marijuana Stocks To Watch To Start 2024
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States.
On December 13th the company announced it opened a RISE dispensary in Port Orange Florida. This makes for the Green Thumb Industries’ 90th retail location in the nation.
Words From GTBIF President
“We are thrilled to expand our presence on the east coast of Florida with the opening of RISE Port Orange,” said Green Thumb President Anthony Georgiadis. “This store marks our first RISE location in Volusia County and the seventh new store we have opened in the Sunshine State this year. We look forward to welcoming more patients to the RISE experience and making a positive impact in the local community.”
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis across the United States. In recent news, an early warning report by George Archos gave transactions involving the Subordinate Voting Shares of Verano Holdings Corp.
On January 2, 2024, Mr. Archos, the Company’s Chairman and Chief Executive Officer, filed a report pursuant to NI-62-103 advising of a change in Mr. Archos’ beneficial ownership of Shares. This was followed by a private transfer of Shares by an entity controlled by Mr. Archos to entities not controlled by Mr. Archos for estate planning and family investment purposes. No Shares were transferred via open market transactions.
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