Marijuana Outlook Best Stocks To Buy

The Alternative Harvest ETF has gained more than 10% in March, and its on pace for its best month since February 2021. The exchange-traded fund was just about flat year to date but down 50% over the past 12-months. The recent upswing in marijuana shares mirrors moves higher seen early last year on similar reform hopes.

Industry giant Canopy Growth Corp (NASDAQ:CGC) lost two-thirds of its equity value in 2021 despite rising 150% during a marijuana industry stocks rally of late 2020 to early 2021 and doubling during the first six weeks of last year.

Legalization in the U.S. could also open up new growth opportunities for well-funded Canadian marijuana players. Further, Canadian pot stocks could also surge if margin-throttling punitive unit-based excise tax legislation gets revised in 2023.

Therefore, any clarity on the path to federal legalization, or news of tax reforms in Canada could list marijuana stock prices. Increases in investor optimism linked to U.S. legalization efforts historically lifted Canadian marijuana stocks too. A rising tide lifts all boats, and pot industry penny stocks could surge more than their larger counterparts.

Nevada-based cannabis grower and dispensary operator Planet 13 Holdings stock price soared by 147% during a November 2020 to mid-February 2021 general rally in cannabis stocks. It took a full year for shares to finally give up the amassed gain in valuation, however, another rally could happen if optimism returns to the marijuana industry again.

Jushi Holdings stock experienced an impressive 198% rally between November 1, 2020, and February 9, 2021, when talk of potential federal legalization in America ignited a wave of investor optimism in marijuana stocks. Shares have gained 15% so far this year and could surge some more if enthusiasm grips pot investors at any point in 2022.

Sundial Growers stock is arguably the best speculative marijuana penny stock play if one is betting on a return of investor optimism to the cannabis industry. A pure meme stock of the past year, SNDL stock commands a significant social following and it should be among the first pot names to benefit from a boost in trader sentiment.

Make no bones about it, pot stocks have performed terribly, despite a market opportunity totaling tens of billions of dollars. Undeniably, the opportunity associated with shifting black market sales to specially-designed marijuana stores staffed by knowledgeable budtenders is alluring. However, revenue and profitability for publicly-traded cannabis companies have fallen short of optimistic outlooks, leaving investors disappointed.

The key, of course, is finding the right marijuana stocks. It isn't that hard -- look for the ones that are growing revenue and already making a profit, such as Verano Holdings (OTC: VRNO.F) and Trulieve.

With the German adult-use market estimated at $12.6 billion, Cantor Fitzgerald analyst Pablo Zuanic on Monday said Aurora ACB, -5.32% ACB, -3.23% and Tilray TLRY, -2.33% TLRY, -2.56% rank as the best-positioned companies to benefit from the potential market, among the stocks that he covers.

The Zacks #1 Rank List is the best place to start your stock search each morning. It's made up of the top 5% of stocks with the most potential. Each weekday, you can quickly see the Zacks #1 Rank Top Movers from Value to Growth, Momentum and Income, even VGM Score.

ILGM promises you high-quality marijuana seeds and attracts over 35,000 people daily to their site. Based in the Dam, ILGM (I Love Growing Marijuana) continues to reign supreme as one of the best seed banks online in recent years.

With more than 10 years of experience in the bag, Herbies Seeds have become one of the most popular cannabis seed banks to buy marijuana seeds online. Their feminized seeds are probably the best on the market right now.

ILGM (I Love Growing Marijuana) seems to have the best-balanced features of all seed banks, like a good selection of beginner and advanced grower marijuana seeds, educational guides, the highest germination guarantee, and 24/7 support for growers. 781b155fdc

Marijuana Outlook Best Stocks To Buy

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