AAWH - The Progress Of Legal Cannabis And Marijuana Stocks 2024
2024-02-19 03:32:30 ET
Here Are Some Steps To Find The Best Marijuana Stocks to Buy In 2024
Marijuana stock investors are preparing for a strong 2024 year of trading. But where is the optimism stemming from that has people so confident? Over the last several years there has been a lot of trial and error that has led to great success for legal cannabis. The progress of the cannabis industry is one not many felt would make it this far. Cannabis has become one of the biggest emerging sectors. More people are getting involved and learning about the companies and what legal cannabis is all about.
The best part is you can invest and not even use cannabis yourself. That is the upside to the publicly traded side of the sector is you can be as hands-on as you want to. Now when looking for marijuana stocks to buy you need to have some steps in order. Especially with 2024 being a big year surrounding reform and the presidential election. History has shown when positive results happen with cannabis reform often marijuana stocks react well in the stock market.
Yet even with the level of progress and success legal cannabis has had marijuana is still federally illegal. Hopefully, in 2024 we see the end of cannabis prohibtion and can focus on the bigger concerns surrounding legal cannabis. Ending cannabis prohibition could also lessen the volatile action that has plagued the sector for some time. Below are some marijuana stocks to watch that could be the right investment for your portfolio
Top Marijuana Stocks To Watch 2024
- Trulieve Cannabis Corp. ( OTC:TCNNF )
- Verano Holdings Corp. ( OTC:VRNOF )
- Ascend Wellness Holdings, Inc. ( OTC:AAHW )
Trulieve Cannabis Corp.
Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as through home delivery.
In recent news, the company announced the opening of a new medical cannabis dispensary in Pinellas Park, Florida. The Company will host a grand opening celebration beginning at 9 a.m., Saturday, February 24, with music, specials, discounts, and opportunities to register for upcoming patient education sessions.
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Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. Recently the company announced it has expanded its footprint in Pennsylvania with the opening of Zen Lead Norristown.
This location makes for the company’s 18th affiliated Pennsylvania dispensary. As well as being the 138th retail location nationwide.
Words From The Company
“Commemorating the opening of Zen Leaf Norristown is a significant milestone for Verano and our phenomenal team as we welcome patients to our 18th affiliated dispensary in the Commonwealth,” said George Archos, Verano Founder and Chief Executive Officer.”
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Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. It owns, operates, and manages cannabis cultivation facilities and dispensaries in several states across the United States. At the start of February, the company revealed the evolution of social equity programs.
This is being done with the launch of Ascend’s CO-LAB for social equity. To celebrate this, Ascend will unveil the Ascend CO-LAB for Social Equity “takeover” at its stores throughout the month of February. The mission of the Ascend CO-LAB for Social Equity is to foster a stronger, more equitable cannabis industry by collaborating and addressing the social disparities from the war on drugs in order to spark change.