3 Marijuana Stocks To Watch For Better Trading Right Now
Right now is yet another good time to find top marijuana stocks to buy. This is due to the current drop in the sector. At the moment things are starting to look like they did in 2021. Which is a lack of upward trading and a challenge in keeping any upward push going. A lot of this comes from the uncertainty of what will happen with the current and future performance of marijuana stocks. In recent news, Senate Majority Leader Chuck Schumer has announced he will not be filing his bill this April. The reason for this as Schumer has said is the Senators are working to finalize provisions.
As a result, marijuana stocks have not reacted well. In addition with more failures to pass federal reform investors are showing more caution. As many people can see the cannabis industry overall is growing. Also, many companies are thriving inside of downmarket with record revenue. As well as opening new storefronts or facilities and strengthening its team with new members.
There is a lot happening yet there is still fear of trading for a reason that may not be as severe as some investors think. State-level markets are strongly regulated and thriving. Marijuana stock investors seeing this progress should give them the confidence to start trading with more optimism. However, this is not the current situation and things are not looking the best. Now there have been some volatile days that have led to good upswings.
Marijuana Stocks Are Working To Sustain Better Trading
Although the sector is trading at a lower level than during 2021 more action has taken place. Still, the big focus as mentioned in most places is the priority to passing federal cannabis reform. When cannabis prohibition is no longer a worry it will allow for other ventures to take place that was at one time not allowed. Many feel on the day that prohibition is finally over may set off a potential run for marijuana stocks. However, this is not set in stone and anything can happen. This is why it is always important to keep an eye on the market to be able to take advantage of any changes. The companies below are just a few marijuana stocks to watch before May.
Marijuana Stocks To Watch Right Now
- Green Thumb Industries Inc. (OTC:GTBIF)
- TerrAscend Corp. (OTC:TRSSF)
- Curaleaf Holdings, Inc. (OTC:CURLF)
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. Back on April 11th, the company announced the opening of a RISE Mankato. This new location was opened on April 14th. Profits from the first day of sales will be donated to Habitat for Humanity of Minnesota. This makes for Green Thumb’s 77th retail location in the nation.
Words From The Company
“We are excited to expand our retail footprint to six locations in Minnesota and our first in the southern region of the state,” said Green Thumb Founder and Chief Executive Officer Ben Kovler.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. Recently the company announced it has entered into a definitive agreement to acquire Allegany Medical Marijuana Dispensary. This venture will allow TerrAscend to go vertical in Maryland.
On April 18th the company also announced it is accelerating its Michigan retail expansion through the Acquisition of Pinnacle. The company has entered into a definitive agreement to acquire KISA Enterprises MI, LLC and KISA Holdings, LLC. The Transaction is expected to be immediately accretive to TerrAscend on both Sales and EBITDA basis.
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates as a cannabis operator in the United States. It operates in two segments, Cannabis Operations, and Non-Cannabis Operations. On April on 13th the company announced they will celebrate 420 with a limited edition Cliq Elite Live strain in California. The product is now available at dispensaries across the state in celebration of 4/20.
Also in recent developments, Curaleaf has released its first annual 2021 Social Impact Report. The report highlights the community achievements and positive impact of its Corporate Social Responsibility work, “Rooted in Good.” Since its official launch in February 2021, Curaleaf’s Rooted in Good program has focused on setting industry standards.
Which are based on the commitment to developing more equitable, sustainable, and diverse cannabis industry. The program focuses on three core pillars: Diversity, Equity & Inclusion (DE&I), Social Equity, and Sustainability. Plus the 2021 Social Impact Report highlights key accomplishments, community partnerships, and facts and figures within those key areas.