JUSHF - 2 Marijuana Stocks To Watch To Start The New Week
2024-02-25 12:29:50 ET
Top Marijuana Stock Picks For Investors Today
Marijuana stock investors are seeing 2024 as a year of big gains. The reason for this is what is currently taking place and what will take place. So to begin more companies are starting to report stronger earnings. Much of this is driven by an increase in cannabis sales due to more people buying cannabis. When a company can show that it is continuously profitable it can hurt how it trades in the market.
Now the next few variabels have been talked about before and that is federal reform. For some time the hard work and promise of legalizing cannabis federally has been an ongoing battle. Now the thing about this battle for federal reform is it has the biggest cause for marijuana stocks to either rise or fall. For example, when there is positive news on the subject most marijuana stocks begin to rise.
This is due to volatility and speculation which is also why when news is not positive it can lead to a decline. Much of the above info is what has been the leading cause of seeing better trading for marijuana stocks. With 2024 being an election year and another year to pass federal reform people are going to use this to their advantage. Below are a few marijuana stocks to watch this year for better trading.
Marijuana Stocks To Watch 2024
- Jushi Holdings Inc. ( OTC:JUSHF )
- GrowGeneration Corp. ( NASDAQ:GWRG )
Jushi Holdings Inc.
Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products.
On February 6th the company announced its support for the adult use of cannabis. This took place in Pennsylvania Governor Josh Shapiro’s annual budget proposal and address.
[Read More] These 3 Marijuana Stocks to Buy Could Be The Ones You Want
Words From The CEO
“With around 450 employees working across the Commonwealth, I am proud to applaud Governor Shapiro’s continued advocacy for a comprehensive policy for cannabis, including legal adult-use sales.”
[Read More] Cannabis Investing: Top Marijuana Stock Picks For March 2024
GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. On February 1st the company announced that Drip Hydro has launched a powder nutrient for cultivation.
This cutting-edge product line sets a new standard in the market, being one of the most balanced, clean, and cost-effective nutrient solutions available today.