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Best Marijuana Stocks To Buy? 3 To Watch Next Week

Could Top Cannabis Stocks To Invest In Rebound In May?

Are top marijuana stocks setting up for a rebound in the market? After 3 months of declines in market value, the best cannabis stocks to invest in have started to show signs of some upside in May. At the present time, cannabis legalization and reform are the biggest catalysts for the cannabis sector. As early as next week Senate leaders could reintroduce a bill to federally legalize marijuana.

With an influx of states transitioning to adult-use markets and the U.S. Senate signaling its intention to move forward on cannabis reform, federal legalization is imminent. Industry stakeholders and mainstream business leaders alike are preparing for the seismic shift that legal cannabis will likely experience once federal prohibition ends.

In the near future, the cannabis industry may finally have access to interstate commerce and mainstream financial and banking services. These long-awaited changes will not only generate windfall profits but also have a tremendous impact on cannabis retail, especially within the e-commerce space.

It wasn’t that long ago that cannabis industry investment opportunities were very limited as policy change happens often. In some ways they still are, but not nearly as limited as in years past.

Thanks to cannabis reform victories the legal cannabis industry is allowed to operate in more regions than during the prohibition era.

Many countries still prohibit medical cannabis, and a vast majority of countries do not permit adult-use cannabis, however, the winds of change have been picking up for years now.

Brightfield Releases New CBD Report

Cannabis and CBD consumer data analytics company, The Brightfield Group, is announcing the release of their newest report analyzing the CBD market in 2020 and laying out their predictions for 2021. Some key information from the report includes: 

The U.S. cannabis industry is growing at an incredibly fast rate and bursting with opportunity for shrewd long-term investors. A number of pot stocks have reported double- or even triple-digit balance sheet gains during the pandemic and surged to new all-time highs in the process. And it's not too late for new investors to seize on the upside potential these top marijuana stocks have to offer.

Today, we're going to take a look at two such companies that have built on a strong track record of growth throughout the pandemic and have plenty of growth left for investors to tap into. 

Let's jump right in. 

Move over, nutrition facts – food companies and consumer packaged goods manufacturers are adding carbon-footprint labels to their products in an effort to be transparent about their environmental impact. Now hemp and marijuana companies are considering whether to jump on a trend experts say will intensify as governments double down on climate goals.

President Biden pledged last week to cut U.S. greenhouse gas pollution in half by 2030.

Job growth for the United States in April 2021 might not have quite matched expectations with a disappointing increase of 266,000 jobs and an unemployment rate rise for the first time since 2020, but executive search and staffing firm Cannabiz Team’s latest Cannabis Industry Salary Guide for Q2 2021 tells a different story for the cannabis market. With 320,000 full-time cannabis jobs in the U.S., the cannabis industry ranks as the fastest-growing industry in America. As cannabis legalization spreads, projections have cannabis hitting $35 billion dollars in sales and providing 500,000 full-time jobs by 2024.

Promoters of Medical Cannabis in Missouri said the fledgling business continues to see major success.

Medical Cannabis officials said dispensaries seem to be the only business without a hiring problem.

In fact, they are dealing with the opposite, too many people want to work there.

They said Missouri dispensaries are setting records for tax revenue and it's only going to get better.

The spokesperson for Missouri Medical Cannabis Trade Association, Jack Cardetti, said the revenue has been massive.

Nearly a decade ago, Linda Greene was having dinner with some of her friends when she heard that marijuana had been legalized for medicinal use in Washington, D.C. Having lived through the 1960s counterculture, she saw an opportunity.

Greene opened Anacostia Organics in 2019. The push to open the medicinal marijuana dispensary began after Greene saw that of the 15 original cultivator and dispensary licenses issued by the district’s Department of Health, none had been awarded to residents of the U.S. capital, and only two had been awarded to people of color.

Oregon businesses growing and selling cannabis want the ability to sell their product to people in other states, but until the federal law changes making marijuana legal, Gov. Kate Brown says her hands are tied, according to the Portland Business Journal.

Sixteen states and Washington, D.C., have legalized the sale and use of marijuana for recreational purposes, and 36 allow medical marijuana use. But under federal law, marijuana remains listed as an illegal drug like heroin, LSD, and ecstasy.

Cannabis compliance for licensees is finally emerging from the shadows into the forefront as regulators move from the application phase to the operational phase.

In performing Freedom of Information Act (FOIA) requests and reviewing online compliance audit reports and letters to licensees, there are a number of specific issues regulators are required to review, but the majority of warning letters and flagged inspection reports show only a handful of cited issues for the vast majority.

Cannabis business owners seeking to sell their operations on the secondary market are sitting in the catbird seat, experts say. Multistate operators wishing to expand their footprints are fueling demand, as are investors entering the market anticipating federal marijuana reform.

“With $1.6 billion in capital raised in January alone, public cannabis companies now have a lot of cash on their books, so I think we are going to see a lot of mergers and acquisitions this year,” said Charles Alovisetti, a partner at Denver-based cannabis law firm Vicente Sederberg.

Will Marijuana Stocks Continue To Rise This Month?

California’s Siskiyou County has identified a novel way to evaporate the growing number of illegal cannabis farms sprouting up in a state that seems to forever be on the brink of drought: restrict where water trucks can go.

Mario B. Williams has never been one to shy away from a fight. As head of NDH Law, the Atlanta-based attorney has worked on behalf of jail inmates, immigrants, the mentally disabled and minorities who have won settlements against police agencies,. 

In the US state of Massachusetts, protected farmland can now be utilised for growing cannabis.

Massachusetts’ Agricultural Preservation Restriction (APR) Program, established in the 1970’s, is a voluntary program that pays owners of farmland the difference between the “fair market value” and the “agricultural value” of their land in exchange for a permanent deed restriction protecting it for future agricultural use. This prevents it from being built on by development companies for non-agricultural purposes.

Landowners with at least five acres of land with suitable soils that have been in agricultural production for the last two years can apply for the program – and there are restrictions as to what can be grown on the land from the point of being accepted.

The cannabis space has been less than diverse since its onset as an “industry.” Even behind the scenes, there aren’t too many minorities. During the Winter Emerge 2020 Virtual Cannabis Conference, one panel highlighting diverse voices in cannabis was “Multicultural Experiences in Technology Innovation,” moderated by Sohum J. Shah.

Shah is the founder and CEO of Durban Creative Media, a cannabis consultant, and the founder of the Cannabis Commodities Exchange. Other panelists included Solanje Burnett, Rob Tankson, Andy Singh, and Seibo Shen. 

Cannabis and education

When discussing the need for education about the actual effects and benefits of cannabis, Solanje Burnett was quick to add her insights.

HempFlax saw its profits before tax skyrocket 616 per cent in 2020 to €659,000, as demand grew for its construction materials and CBD.

The EU’s biggest hemp grower, headquartered in Holland, saw full year revenues up 43 per cent to €14.5m in 2020, with EBITDA increasing 63 per cent to €1.8m.

The numbers were in part driven by a 1,089 per cent increase in sales of the group’s construction materials, arising from its May 2020 acquisition of Thermo Natur, a German manufacturer of nature fibre insulation.

The group also saw a 43 per cent increase in sales of CBD – a compound found in hemp that is legal for consumption, and often used for pain relief or relief from anxiety or depression.

2 Marijuana Stocks To Watch As More Momentum Enters The Cannabis Sector

With marijuana stocks finally catching a wave of upward momentum investors want to know how long this will last. Now there is no way to be 100 percent certain how long this momentum will last. However with earnings soon to be reported by various cannabis companies some marijuana stocks may continue to rise. Shareholders have been waiting to see a rise in trading ever since mid-February when many cannabis stocks started to drop in the market.