Watch List of Top Marijuana Stocks for This Week
As marijuana stocks begin to see some of their recent momentum wane, investors are growing anxious. This concern stems from the past year of bargaining and how the failure of federal reform has led to a downward trend. With no further updates on the matter, many marijuana stocks have begun to experience pullbacks. Now, even though the sector is down, some have taken this time to find the best marijuana stocks to buy. At present, many wish to see more consistency in the performance of the sector. Over the past few months, when a company picked up a wave of momentum, it didn’t last long.
This market behavior makes it difficult for shareholders to take full advantage of this volatility. Yet, with everything going on in industry and politics, there are many factors that can help gain consistency. Right now, as many know, the focus is on passing federal cannabis reform. Whether it’s embracing cannabis banks or ending prohibition at the rate the cannabis industry matures, change must be made. The cannabis industry as a whole, from the United States to Canada and other regions, is still quite young. Yet the speed at which the industry is growing has been unmatched by few other companies.
Investing in the Best Marijuana Stocks 2022
For those who may be new to investing in marijuana stocks, the market is in a place where there is still time to profit. First build a list of companies that you think would be a good fit for your portfolio. Before you start investing, learn about each company and do as much research as possible. Keep an eye on the market to better understand the action that is taking place. Take note of which marijuana stocks are doing better than others. Once you find a good game plan, stick to it and trade your plan. Additionally, with the unpredictability of marijuana stocks, a buying opportunity could occur without warning. The marijuana stocks below are a few options to keep on your radar.
The Best Marijuana Stocks to Catch Your Eye
- Verano Holdings Corp. (OTC:VRNOF)
- Jushi Holdings Inc. (OTC: JUSHF)
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing and retailing of cannabis in Illinois, Florida and Arizona. As well as Maryland, Nevada, Ohio, Michigan, Massachusetts, Arkansas, New Jersey, Pennsylvania and West Virginia. Since mid-December, VRNOF stock has been on a volatile trading trend. Specifically, some days the business is up and others are down.
From December 20 to early 2022, VRNOF stock was able to sustain this upward push. From January 20 to 13, VRNOF stock increased by 24%. Yet after this run, the business began to decline. This decline continued until the beginning of February. As the new month began, VRNOF stock was beginning to regain momentum. In fact, from February 1 to February 16, the company was showing a strong upward trend. However, as history repeated itself, the business fell again. Now, with May starting soon, it is possible for this marijuana stock to see another rally.
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Jushi Holdings Inc.
Jushi Holdings Inc., a vertically integrated cannabis company, is engaged in the cultivation, processing, retail and distribution of medical and adult-use products. He focuses on building a portfolio of cannabis assets in various jurisdictions from Pennsylvania, Virginia. As well as Ohio, Illinois, California, Nevada and Massachusetts.
On February 22, the company announced a series of cannabis brands and product launches in Massachusetts. The first start began with its flower brands, The Bank and Sèchè. The company is also set to launch its line of vape cartridges and pot concentrates, The Lab. Plus its edibles line, Tasteology, in Q2 2022, pending regulatory approval.
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“We are excited to roll out our full line of industry-leading brands and products to the people of Massachusetts,” said Jim Cacioppo, CEO, President and Founder of Jushi. “With our high-performing retail stores in Tyngsborough and Millbury and our recently expanded Lakeville production and processing facility, we aspire to redefine the customer experience in Massachusetts’ rapidly maturing adult market.