3 Marijuana Stocks That Could Perform Better Due To Politics
What should people looking for the best marijuana stocks to buy be searching for? Now there are some basic principles most know to follow. Some of these principles may include investing in a profitable company that is continuously on the upside more than the downside. Or could it be a company that is less profitable but is developing and creating innovative products for legal operators? Or is it the up-and-coming company that people believe will be big in the future?
But there have been many changes and possible stagings that have the potential to make people money with marijuana stocks. Much of this is based on patience a watchful eye and strategy. Diversification, which is breaking up your investments into different cannabis stocks, gives you better odds of making the money you want. With how volatile the sector can be much of the profit-taking is a waiting game due to not knowing when a rise in trading will occur.
The same goes for any drops in trading yet good news does not always result in a rise yet more times than not bad news leads to sector-wide drop. There is too much progress and revenue being made for things not even out at some point. This may happen when federal reform or better state-level tax measures and regulatory concerns are met in favor of legal operators. Or reform that is for legal legacy brands and not companies associated with corporate cannabis. The marijuana stocks to watch below could be top picks heading into next month.
Marijuana Stocks For Your Investment Portfolio
StateHouse Holdings Inc. (OTC:STHZF)
TerrAscend Corp. (OTC:TSNDF)
Jushi Holdings Inc. (OTC:JUSHF)
StateHouse Holdings Inc.
StateHouse Holdings Inc., an integrated omni-channel cannabis company, engages in the cultivation, processing, manufacture, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States. Back in August the company reported its Q2 2024 financial results. 
Q2 2024 Financial Highlights
- Q2 2024 net revenues increased 10% to $27.8 million, compared with $25.3 million in Q2 2023.
- Retail revenues were $13.5 million representing 48.5% of total sales for Q2 2024, compared to $13.0 million or 51.3% of total sales in Q2 2023.
- Branded wholesale and manufacturing revenues were $10.7 million, representing 38.5% of total sales for Q2 2024, compared to $11.2 million or 44.0% of total sales in Q2 2023.
- Cultivation revenues were $3.6 million, representing 12.9% of total sales for Q2 2024, compared to $1.2 million or 4.7% of total sales in Q2 2023.
TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. Over the last month, the company has made 2 new updates. 
First, the company has begun a $10 million share repurchase program. As well the company announced it participated in the ATB Capital Markets 2024 Life Sciences Institutional Investor Conference. This event took place back on September 18th and was held in New York City.
[Read More] Top Marijuana Stocks to Watch Before October: High-Growth Opportunities
Jushi Holdings Inc.
Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. On September 17th the company announced it will be issuing options to Executive Officers. 
The board of directors has approved 5,385,000 replacement options for Jim Cacioppo, the Company’s Chairman and Chief Executive Officer, 2,383,000 replacement options to other executive officers of the Company.
[Read More] Top Marijuana Stocks In The Stock Market Today
Plus 394,758 replacement options to the Company’s non-employee directors. Jushi’s board of directors has also approved 300,000 options for issuance to Michelle Mosier, the Company’s Chief Financial Officer.
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