2024-04-15 09:19:38 ET
3 Top Marijuana Stocks To Watch In Today’s Cannabis Sector
Marijuana stocks could be in a good position if certain variables play out. Right now there is a lot of politics surrounding the cannabis industry. Often when there are matters concerning cannabis and politics it can impact how people invest and how marijuana stocks trade. Now this is all dependent on the information and how impactful it is. Currently, we are in an election year and campaign promises could help how marijuana stocks trade.
Just the speculation on what will take place has already led to better trading in the sector. At this time Joe Biden and other political figures have already begun the process of pardoning marijuana offenders. All while commemorating Second Chance Month. Also, other matters have shown how far the legal industry has come. There has been an increase in full-time job employment and an over 600% increase in medical marijuana patients nationwide. All of the above info has and will play an intricate part in see further growth of the industry.
Not to mention this info will be a means by which investors will use to trade. If a trader feels there is any advantage to the info they come across this is where they would look for the best marijuana stocks to buy . You need to be able to take the information and learn to use it in your favor. For example, news on reform in a positive light historically results in a rise in trading. There is still a lot of potential to see strong profits from investing in marijuana stocks. Just make sure you do your research and establish a trading plan when looking for cannabis stocks to watch .
Marijuana Stocks To Watch Now In 2024
- Trulieve Cannabis Corp. ( OTC:TCNNF )
- Verano Holdings Corp. ( OTC:VRNOF )
- GrowGeneration Corp. ( NASDAQ:GRWG )
Trulieve Cannabis Corp.
Trulieve Cannabis Corp., together with its subsidiaries, operates as a cannabis retailer. The company cultivates, processes, and manufactures cannabis products and distributes its products to its dispensaries, as well as through home delivery. In recent news, the company announced it will hold its first quarter 2024 results.
This release will be done by a conference call on May 9th. Chairman, Founder, and Chief Executive Officer Kim Rivers and Chief Financial Officer Wes Getman will participate in the call to review Trulieve’s financial and operating results.
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. On April 3rd the company announced it will report its first quarter 2024 financial.
A conference call and webcast with analysts and investors is scheduled for May 8, 2024, at 8:30 a.m. ET / 7:30 a.m. CT to discuss the results and answer investor and participant questions.
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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 announced it has 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 will begin on April 1. This will continue for up to one year, which allows for repurchases to be made in the open market.
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Words From The Company
Darren Lampert, GrowGeneration’s Co-Founder and Chief Executive Officer, stated, “Today’s announcement of our share repurchase program further underscores our conviction in the strength of our underlying business and our view that GrowGen shares remain undervalued. This program acts as one pillar of our shareholder value creation strategy as we continue to evaluate all potential uses for our strong balance sheet, including reinvesting in our brands, strategic acquisitions, and stock repurchases to enhance long-term shareholder value.”
