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The best marijuana stocks to buy this month? 2 pieces to consider in July
Over the past 8 weeks, many marijuana stocks have shown a little more consistency on the rise in trading. Still, some cannabis stocks, even at lower market levels, have shown a bit of volatility over the past 2 months. From the end of April until May, the cannabis sector has finally shown more action. Trading from mid-February to the end of April was not a good time for marijuana stocks as a whole.
During this period, the entire sector was affected by a strong downward trend. This resulted in many of the major cannabis stocks in the market falling from higher trading levels. However, one of the most positive factors in this negative situation was how cheap pot stocks became. It seemed like overnight some of the best stocks of marijuana to buy were at low entry points.
This sector dynamic has created a buying frenzy among investors. Now, due to declining cannabis stocks, a larger increase in trading must occur before some shareholders can make a profit. Now it looks like most cannabis stocks are performing right now, as it’s only a matter of time before investors see the recovery they expect to see. Some analysts attribute this recent impetus that has entered the industry to the fact that more states have become legal. As well as the fight to enact federal reform and end the prohibition of cannabis.
With more states recently legalizing marijuana in one form or another, this has presented more opportunities to the industry. For example, each new state will look for cannabis companies with the best products to develop the market. Plus, with more states creating new markets, more tax money can be used to help fund programs. For example, programs that help promote social justice.
The best marijuana stocks to watch this month
- Green Thumb Industries Inc. (OTC: GTBIF)
- Verano Holdings Corp. (OTC: VRNOF)
[Read More] The Best Canadian Marijuana Stocks to Buy? 2 to watch in July
Green Thumb Industries Inc.
For some time now, Green Thumb Industries Inc. has been recognized as one of the best stocks of marijuana on the market. Even as the industry continues to recover, GTBIF’s stock still holds a promising market position in 2021. If you don’t know Green Thumb, the company manufactures, distributes and sells various cannabis products. Primarily for medical and adult use in the United States.
The company distributes its products primarily to third party retail stores. In addition to selling its finished products directly to consumers in its own retail stores. GTBIF stock has always held a decent market position, even with a volatile trading month in May. From May 20 to 28, GTBIF experienced an increase in trade which generated a 7% increase at the time. In June, the GTBIF share was still a bit volatile due to its price fluctuation.
Still, as the second half of June approached, trading started to maintain a more bullish momentum. If you look from June 18 to June 30 of the month, you will see that the GTBIF stock may have run a bit before moving to July. This recent race to end June has jumped 15% in trade. Currently, in July, the company is down slightly from the last trading day in June. However, GTBIF action is still able to achieve better trade with the right momentum in place.
Verano Holdings Corp.
Verano Holdings Corp. is perhaps a cannabis company that some are not the most familiar with. The company operates as a vertically integrated multi-state cannabis operator in the United States. The company produces and sells a range of cannabis products. This is done under the consumer brand portfolio including Encore, Avexia, M? ? V and Verano. 
It designs, builds and operates dispensaries under the Zen Leaf and M? ? V. In addition, the Company owns, operates, manages, consults, licenses and / or controls licenses / permits in the states of Illinois, Florida, Arizona, New Jersey, Pennsylvania and Ohio. In addition to Maryland, Massachusetts, Nevada, Michigan, Arkansas, California, Missouri, and West Virginia. Over the past few months, the VRNOF share has steadily declined in the market.
Now, as innovation progresses in the industry, we hope it will help improve trade for the company. In the latest news, Verano Holdings announced on June 15 that the company has received DTC eligibility. On top of that, the company also announced that it will release its second quarter 2021 financial results on August 10. If the company can report good earnings, it could help see a possible increase in trading for VRNOF shares in 2021.
[Read More] Cannabis is now legal in 3 new states
Company words
“DTC eligibility supports our goals of improving liquidity while expanding our shareholder base and is necessary to strengthen Verano’s presence in US capital markets,†said George Archos, Founder and CEO of Verano . “With Verano shares now traded electronically, existing shareholders can benefit from greater liquidity and faster trade execution, and new investors will be less constrained in their participation in our shares. ”
The post 2 marijuana stocks to buy in July? These games can be tailored to your wallet First appeared on Marijuana Stocks | Cannabis investments and news. Roots of a budding industry. (TM).
COMTEX_389462731 / 2683 / 2021-07-07T08: 01: 32
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