Investing In Marijuana Stocks In 2022? Let’s Get Familiar With The Sector
As of March 9th, many of the top marijuana stocks to watch in the sector began to rise. This can be due to speculation in regards to the future of the cannabis industry. Or it can be that marijuana stocks are just reacting to the overall market. Now, as far as the speculative trading this can be based on a new Federal reform bill soon to be filed in April. The new bill is being created by Senate Majority Leader Chuck Schumer. As well as other political figures such as Cory Booker. There is great promise surrounding this bill and what it can do for the industry.
Still, there is currently a bill that has a banking amendment attached to it that has recently passed the House. Yet the concern is Congress has mentioned enacting broader reform before advancing banking legislation. Nevertheless, there is still much anticipation about what will happen in the near future. With all the progress and success each legal state is having it’s only a matter of time before we see the end of cannabis prohibition. This year more states are gearing up to vote on legalizing cannabis.
If they do pass it will only create more opportunities for players of the industry. Not to mention with every new market that is developed there is an MSO ready to take action. So with more success and profitability, it shows investors that there is growth potential and means to trade the company. So in turn this also can lead to seeing a jump in trading momentum.
Marijuana Stocks Face Volitale Changes In The Market
As cannabis stocks are is still quite volatile various niches within the sector could be something to consider. For example with all new states soon to legalize marijuana investing companies that deal with marijuana Real Estate could be one. Another could be looking for the best ancillary marijuana stocks to buy. The reason for this is with how many people use cannabis having the right paraphernalia and products is a big business. Also outside of the U.S., even some Canadian marijuana stocks will see some upside to the U.S. enacting some type of federal reform. Still between now and then there is still time to get in on the action if you are looking to invest in marijuana stocks. Learn about the sector and do your research on marijuana stocks you want to buy. From here you will give yourself the best chances at seeing less risk and more reward. The companies mentioned below are some options to consider as top marijuana stocks to watch in 2022.
Marijuana Stocks To Watch Right Now
- Glass House Brands Inc. (OTC:GLASF)
- TPCO Holding Corp. (OTC:GRAMF)
- Planet 13 Holdings Inc. (OTC:PLNHF)
Glass House Brands Inc.
Glass House Brands Inc. cultivates, manufactures, produces, and retails cannabis. It offers cannabis products under the Glass House Farms, Forbidden Flowers, and Mama Sue brands. In recent news, the company announced it will host a fourth-quarter and year-end 2021 conference call. This call is set for March 17th, 2022. The Company will host a conference call to discuss the results at 8:00 a.m. Eastern Time.
Over the last several weeks of trading GLASF stock has shown an ups and down pattern of trading. Except even with this volatile trading the GLASf stock has been averagely trading down. However, as of the close of March 9th GLASf stock is starting to recover once again. So with this increased momentum investors are watching to see if this marijuana stock will be able to keep this rise going.
TPCO Holding Corp.
TPCO Holding Corp. cultivates, extracts, manufactures, distributes, retails, and delivers cannabis in California. During the first week of February, the company announced senior leadership changes. Meaning that Dennis O’Malley, the Company’s Chief Operating Officer has elected to step down in the spring of 2022.
To ensure a smooth transition, Mr. O’Malley will remain with the Company until March 15th, at which time Troy Datcher, Chief Executive Officer of the Company is expected to assume his duties and responsibilities. In February the company was able to see some volatile swing trading.
This was a good song as GRAMF stock has not performed the best over the last year. Currently, the company is up and it’s possible they may be able to keep it going as March continues.
[Read More] 3 Marijuana Stocks For Your March 2022 Watchlist
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, cultivates, produces, distributes, and markets cannabis and cannabis-infused products. Which is for medical and retail cannabis markets in Nevada, the United States. On March 2nd the company has announced it has completed its acquisition of Next Green Wave. This venture is a huge accomplishment for the company which has the potential to set up Planet 13 for an even stronger future.
Over the last, 2 weeks or so PLNHF stock has run into some trouble building momentum. At the end of February is when this marijuana stock was able to hold a higher market position.
So with all the company is working on and its recent acquisition it’s possible to see PLNHF stock recover in March as trading continues.