Investing In Marijuana Stocks And Understanding The Cannabis Sector
As the overall markets improved in June top marijuana stocks to buy have also experienced some gains in value. One area of the market that is beginning to show upward momentum for investors is US marijuana stocks to buy. In 2021 US cannabis companies have delivered strong revenue growth and continue to expand rapidly into new US markets. Since the pandemic, most American cannabis companies have managed to continue to show significant growth for investors.
Although in 2021 top companies delivered phenomenal earnings that did translate into market gains for these pot stocks. Recently the only catalyst for the cannabis sector has been US federal cannabis legalization and reform. Now with the possibility growing that there could be federal cannabis policy changes this year, the cannabis sector could see some upside.
For investors not familiar with the top US cannabis companies in the market we can take a closer look at some of the top pot stocks for your watchlist next week. Before starting a position, investors should always do their research and due diligence on a company. With this in mind, we can look at what could be 5 of the best marijuana stocks to buy in 2021.
Top US Marijuana Stocks To Add To Your Watchlist
Green Thumb Industries Inc.
Green Thumb Industries Inc. is a leading cannabis consumer packaged company that has a large presence in the US. Recently, GTI has opened its 58th dispensary location giving it a footprint in 11 states. In addition, the company acquired a Massachusetts cannabis operator Liberty Compassion Inc. Currently, Green Thumb has licenses for 103 retail locations across the country. In its latest financials, GTI announced the first quarter of 2021