September’s Top US Marijuana Stocks: High-Potential Picks for Your Portfolio
The US cannabis industry continues to grow, expected to reach $41.5 billion by 2025. This rapid expansion makes it essential to keep an eye on top marijuana stocks each week. Recent headlines have highlighted potential federal legalization efforts, which could further boost the industry’s growth. As more states legalize cannabis, the industry’s footprint is expanding rapidly. With this in mind, investors need to stay informed and ready to capitalize on new opportunities. This week, we spotlight several key US marijuana stocks with solid potential.
To navigate the volatile cannabis market, investors should use technical analysis and proper risk management strategies. Technical analysis helps identify trends and entry points, while risk management safeguards investments. By combining these tools, investors can make more informed decisions and avoid unnecessary losses. As the cannabis industry evolves, staying disciplined with these approaches will be crucial. This week’s top marijuana stocks are prime candidates for those looking to maximize their returns. Industries Inc. (GTBIF), and Verano Holdings Corp. (VRNOF). These companies have established a strong presence in the US and continue to show promising growth potential.
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Top 3 US Marijuana Stocks For Your Watchlist Before September
- Cresco Labs Inc. (OTC: CRLBF)
- Green Thumb Industries Inc. (OTC: GTBIF)
- Verano Holdings Corp. (OTC: VRNOF)
Cresco Labs Inc.
Cresco Labs Inc. is a leading cannabis company in the US known for its strong presence across multiple states. The company operates in 10 states, with its largest footprint in Illinois, Pennsylvania, and California. Cresco Labs has 50 operational dispensaries, making it one of the largest multi-state operators (MSOs) in the country. The company produces high-quality cannabis products distributed through its well-known brands, such as Cresco, Mindy’s, and Good News.
In its latest financial report, Cresco Labs reported a revenue of $197.9 million for the second quarter of 2024. This represents a 4% decrease compared to the previous quarter, reflecting challenges in the broader cannabis market. Despite this, the company achieved an adjusted EBITDA of $51.1 million, highlighting its ability to maintain profitability. Cresco Labs also reduced its operating expenses by 5% quarter-over-quarter, demonstrating its focus on cost management. The company’s balance sheet remains strong, with $122.6 million in cash and equivalents, positioning it well for future growth opportunities.
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Green Thumb Industries Inc.
Green Thumb Industries Inc. is another major player in the US cannabis market. The company operates across 15 states, with a significant presence in Illinois, Pennsylvania, and New Jersey. Green Thumb has 79 dispensaries nationwide, making it one of the largest cannabis retailers in the country. The company’s brands, including Rythm, Dogwalkers, and Incredibles, are well-recognized and cater to a diverse consumer base. Green Thumb’s strategic focus on retail and wholesale operations has helped it maintain a strong market position.
Green Thumb Industries reported a revenue of $261.2 million for the second quarter of 2024, reflecting a 7% increase from the previous quarter. The company’s adjusted EBITDA reached $82.8 million, showing a solid margin despite market headwinds. Green Thumb also reported a net income of $14.5 million, marking its tenth consecutive quarter of positive earnings. The company manages its expenses efficiently, with a 3% reduction in operating costs quarter-over-quarter. Green Thumb’s cash position remains robust, with $170.2 million in cash and cash equivalents, ensuring it can continue to invest in growth opportunities.
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Verano Holdings Corp.
Verano Holdings Corp. is a prominent multi-state cannabis operator with a strong footprint in the US market. The company operates in 13 states, with its largest presence in Illinois, Florida, and New Jersey. Verano has 130 operational dispensaries, making it one of the largest cannabis retailers in the country. The company’s brands, such as Verano, Avexia, and MÜV, are known for their high-quality products that appeal to a wide range of consumers. Verano’s focus on premium products and strategic acquisitions has helped it grow rapidly in the competitive cannabis market.
In its most recent financial update, Verano Holdings reported a revenue of $240.5 million for the second quarter of 2024. This represents a 5% growth compared to the previous quarter, driven by strong sales in its core markets. The company achieved an adjusted EBITDA of $77.3 million, reflecting its ability to maintain strong margins despite market challenges. Verano also reported a net income of $12.7 million, underscoring its commitment to profitability. The company’s balance sheet is solid, with $90.8 million in cash and cash equivalents, providing it with the financial flexibility to pursue further expansion and strategic initiatives.
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Key US Marijuana Stocks to Watch in September: Strategic Picks for Investors
As the US cannabis industry continues its rapid growth, keeping an eye on top-performing marijuana stocks is essential. With the market expected to reach $41.5 billion by 2025, opportunities abound for investors who stay informed and strategic. Recent headlines about potential federal legalization and state-level reforms have created optimism, making monitoring key players like Cresco Labs Inc., Green Thumb Industries Inc., and Verano Holdings Corp crucial.
These companies are well-positioned to benefit from the industry’s expansion and potential legislative changes. However, navigating this volatile market requires technical analysis and proper risk management. By identifying trends and managing risks, investors can make more informed decisions and protect their investments. As we move into September, Cresco Labs, Green Thumb Industries, and Verano Holdings stand out as top marijuana stocks to watch, offering significant growth potential in an evolving landscape.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
