GRWG - 3 Top Marijuana Stock Cannabis Investors Right Now
2024-04-22 09:35:41 ET
Marijuana Stock Picks For Better Trading 2024
As we soon come to close out April marijuana stocks could see an upward push in trading. Right now it seems with all the politics surrounding cannabis reform there is an increase in speculation. There is no denying that the legal cannabis market is thriving on a major scale. What seems to be causing more issues to better profitability is taxes and regulations. Most legal states have high taxes that legal operators have to pay. Along with operating a legal business in a grey area with the need for improved state-level regulations.
The progress and overall success have intrigued more people to invest in legal cannabis. Although with the regulatory and political concerns still a factor volatility levels are still high for most cannabis stocks . But with the up-and-down trading being consistent finding top marijuana stocks on volatile dips can happen. It’s always best to do your research on the sector and what is going on.
The more info you have the better investment choices you can make. In 2024 there is great anticipation for the future and what is next to come. We have the Presidential election and another possible chance to pass reform that would reschedule cannabis. Slow and steady wins the race and with the cannabis industry’s success how much longer before political figures play ball? Below are several marijuana stocks to watch right now in the stock market.
Top Marijuana Stocks To Watch 2024
- Green Thumb Industries Inc. ( OTC:GTBIF )
- GrowGeneration Corp. ( NASDAQ:GRWG )
- Curaleaf Holdings, Inc. ( OTC:CURLF )
Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells cannabis products for medical and adult use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. In recent news, the company announced it will be holding a conference call.
This will take place on May 8th to discuss the release of its first quarter 2024 financial results. It is possible to slight moment increase if this report shows positive results. Yet with how volatile things can be there are never any guarantees. Historically when there is strong and positive company news better trading has occurred.
[Read More] April 2024’s Hot Picks: Top Canadian Cannabis Stocks To Watch Now
GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. In recent news, the company was involved in the recent Benzinga Cannabis Capital Conference. The conference was held on April 16-17, 2024 in Hollywood, FL.
As well GrowGen authorized the company’s first share repurchase program. The intent is to repurchase up to $6 million of GrowGen’s outstanding common stock. So the share repurchase program started on April 1. This will continue for up to one year, which allows for repurchases to be made in the open market.
[Read More] 3 Marijuana Stocks To Watch To Add To Your List This Week
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. On April 22nd the company announced it has completed the acquisition of Nothern Green Canada.
The accretive acquisition amplifies the Company’s strategic advantage in established European markets. This includes Germany, Poland, and the United Kingdom. This venture also provides a foothold in the emerging markets of Australia and New Zealand.