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Best Ways To Invest In Top Marijuana Stocks In 2021? 5 Cannabis Stocks For Your Watchlist Next Week
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MedMen Enterprises Inc. (OTC: MMNFF)Vireo Health International, Inc.
As a cannabis company led by physicians with a science-focused multi-state operation, Vireo Health International, Inc. is bringing state-of-the-art technology and science to the market. Currently, Vireo manufactures branded cannabis products and has established distribution with a growing network of retail locations and 3rd party dispensaries. The company operates 16 dispensaries nationwide across 5 states. And holds additional licenses for expansions into other markets in the future.
In its latest earnings report, Vireo announced fourth-quarter and full-year 2020 results with full-year GAAP revenue of $49.2 million up 64% compared to 2019. The company saw gross profit increase by $9.8 million to $17.1 million. Currently, Vireo is executing its core market strategy which focuses on Arizona, Maryland, Minnesota, New Mexico, and New York. The company is expected to release first-quarter 2021 financial results on
Currently, in America, there are 36 states that have some form of cannabis legalization. As well 15 of those states also have gone full rec meaning you do not need a cannabis card to purchase products. As it stands 2021 has a lot of positive sentiment and high hopes for the cannabis industry. This positivity is tied to the idea that this new year will be in favor of proper cannabis legislation. Most importantly decriminalizing marijuana on a federal level. Some analysts and investors feel once this happens we may see more marijuana stocks start to rally. As well with proper federal cannabis reform, it will provide more opportunities for Canadian marijuana stocks. However many feel believe US-based marijuana stocks will be the real victors of 2021. Below we will discuss the potential of these 2 marijuana stocks to watch.Top Marijuana Stocks To Watch
At the present time, COVID-19 has once again shown it has a stronghold on market sentiment and economic recovery. In reality, this downturn could now persist for a couple of trading sessions for marijuana stocks. But there are some positive things to take into account with this pullback. It does present the opportunity to start positions in these pot stocks at lower prices.
Despite the recent market trends growth in the cannabis industry has catapulted marijuana stocks to a higher level in the market. In turn, many investors that started positions earlier in 2020 could be locking in some gains at current levels. While the cannabis market is predicted to continue to see gains leading pot stocks have traditionally been volatile in the market. With this in mind, selling a portion of a position to lock in some gains is a technique used by many investors and could be considered good practice.The U.S. Cannabis Market And Next Years Potential
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