The start of the new year has already shown to have great support for the growth of marijuana stocks. With a few companies currently seeing sizable gains, it seems as though this new year could be the one we’ve been waiting for. Of course, this sentiment relies on a series of important factors to ensure its survival.
One of those is cannabis legislation and the other is time. With new legislation being the key to growth in the cannabis industry, we are still waiting on some markets to make a shift. In the U.S., it seems as though we are currently preoccupied with the looming threat of war to focus on cannabis law. But, as we move progress into 2020, cannabis could come back into focus.
On the other hand, time is one of the key elements of growth in the market. Right now, pot stocks are still very much in their infancy. This means that volatility is high amongst some of the largest marijuana stocks in the industry. But, with 12 more months of potential comes the opportunity for change. Only time will tell what happens this year, but these two pot stocks seem to be a good place to start looking.
This Marijuana Stock Delving Deep Into the U.S. Market
4Front Ventures (FFNTF Stock Report) (FFNT) is a cannabis company that has been working on its long term strategy throughout the U.S. The company has stated that one of the main focuses for the future is building out a groundbreaking team. With this, the company should be able to tackle any challenges that it may face in the coming future.
Additionally, the company has stated that since it has grown substantially in the past few years, it has continued to attract some of the leading talents in the industry. With its subsidiaries, the company is able to participate in many different aspects of the cannabis market. This includes everything from plant genetics all the way to the retail side of the business.
Recently, the company announced that its newest location in Chicago is open for adult use purchases. After opening, the company states that it saw groundbreaking responses from its consumers. In the first week of operation, the dispensary had sales north of $266,000. With this in mind, the company remains a key pot stock to watch moving forward.
Is This Marijuana Stock Competition To Other Cannabis Cultivators
CannTrust Holdings (CTST Stock Report) is one of the latest pot stocks to be listed on a large U.S. exchange. Some investors have stated that they see a large amount of potential for the company moving through 2020. With this, CannTrust has had quite the scandal in the past year or so. This was based in the fact that the company produced and much as $56 million in illegally grown cannabis.
As it has been quite the amount of time since this happened, many have decided to take a closer look at the company in the past few months. Investors, however, should be wary about the company as some state that it could be delisted from the NYSE because of the aforementioned scandal. But, the company does remain a leading pot stock in the industry.
Disclaimer: Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and 4Front Ventures Corp (FFNT)(FFNTF), Midam is being paid $20,000 for coverage on 4Front Ventures Corp (FFNT)(FFNTF), for a period from November 27, 2019 to January 7, 2020. We may buy or sell additional shares of 4Front Ventures Corp (FFNT)(FFNTF) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about 4Front Ventures Corp (FFNT)(FFNTF). For Full Disclaimer Click Here
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