If you’re looking to buy marijuana stocks in a volatile market, now is a better time than any. Beforehand, you want to make sure to do the proper research prior to making any hasty investments. Investing in marijuana stocks goes deeper than just loving some good cannabis and rolling papers. As of late, many cannabis stocks have been trading at a fluctuating rate as the sector tries to sustain better upward momentum.
Now could be the time to look for the best marijuana stocks to buy, since the sector is showing more volatile action. While some cannabis stocks are showing some pullback, many investors are adding new marijuana companies to their investment portfolios. As cannabis companies begin to release their earnings, this is a great time to get in at these lower entry levels. Usually, when one company reports positive news or earnings, shareholders feel other marijuana companies will follow suit.
When this happens it usually bodes well for other cannabis stocks and how they plan to trade. The more positive the news the better chances of seeing more trading momentum for the entire sector. For those who are trying to find a way in, now could be a good time, especially before many of the marijuana stocks start to see a stronger road to recovery this year. Two cannabis stocks to watch right now are Green Thumb Industries Inc. and Grow Generation Corp.
Green Thumb Industries Inc. is known as one of the top cannabis stocks to invest in. This is in addition to being one of the best performing marijuana stocks in the sector. The company manufactures, distributes, and sells various cannabis products and smoking accessories for medical and adult-use in the United States.
In recent news, the company announced it’s closing on a transaction to buy a cannabis business in Rhode Island. With this acquisition, the company will broaden its distribution footprint in the densely populated New England market. Green Thumb will also be increasing its national presence to 14 states, it also gives Green Thumb one of only three retail locations in Rhode Island.
GrowGeneration Corp. is one of the few marijuana companies that hold intrinsic value to the entire cannabis industry. The company, through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. In recent news, they’ve announced they will be partaking in a new business venture. GrowGeneration will be acquiring HGS Hydro, the nation’s third-largest chain of hydroponic garden centers. This transaction is expected to close before the end of this fiscal year.