Will these marijuana stocks recover this week?
As quickly as marijuana stocks rose and quickly as they fell. In recent trades, the sector was showing increased momentum. On Tuesday, many marijuana stocks began to see another drop in trading. Now, that’s not so bad because it gives some a shot at finding the best marijuana stocks to buy. Most publicly traded cannabis companies operate with an unpredictable pattern due to volatility. This volatility stems mainly from the fact that the cannabis industry is not 100% regulated, which it should be.
Especially with no real federal reform in place, this can impact the performance of most marijuana stocks. With more regulations and better overall legislation, especially at the federal level, this could help restore some confidence in the sector. Until then, many marijuana stock investors watch and wait for the right moment to buy and sell to make a profit. For those not so familiar with the cannabis business, understanding the above can be a good starting point.
When you learn to use volatility in your favor, it can produce a profitable outcome if done correctly. For example, buying falling stocks and selling when the sector is rising, then repeating the process. But as always, be sure to do your research beforehand and give yourself the best chance for the best returns. The companies below are a few cannabis stocks to watch this week.
The Best Marijuana Stocks for Your 2022 Watchlist
- Goodness Growth Holdings, Inc. (OTC: GDNSF)
- IM Cannabis Corp. (NASDAQ:IMCC)
Goodness Growth Holdings, Inc.
Goodness Growth Holdings, Inc. Inc. is a physician-led cannabis company in the United States. The company cultivates cannabis in environmentally friendly greenhouses; manufactures pharmaceutical grade cannabis extracts and sells its products through its Green Products Network and other Goodness Growth branded retail dispensaries. operates as a doctor-led cannabis company in the United States.
The company grows cannabis in environmentally friendly greenhouses. As well as the manufacture of pharmaceutical grade cannabis extracts. Additionally, the sale of its products through its Green Products Network and other Goodness Growth-branded retail dispensaries, as well as third-party dispensaries. On August 25, the company announced the launch of Boundary Waters pre-rolls in Minnesota.
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“Our Boundary Waters brand was inspired by the beauty and calm of Boundary Waters Canoe Area Wilderness and the importance of keeping public lands, like Boundary Waters, clean and safe,” said Harris Rabin, chief marketing officer for Goodness Growth. . “We take this mission seriously and have applied the concept of environmental preservation to the packaging of our Boundary Waters products.”
IM Cannabis Corp.
IM Cannabis Corp. is dedicated to the breeding, cultivation and supply of medical cannabis products in Israel, Germany and Canada. It offers strain-specific cannabis flowers and cannabis extracts under the IMC brand.
In recent news, the company announced that it has recruited 2 new members to its board of directors. Einat Zakariya and Moti Marcus will replace current directors Vivian Bercovici and Haleli Barath, who have resigned from the board to pursue other opportunities.
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“We are delighted to welcome Einat Zakariya and Moti Marcus to our IMC family,” said Oren Shuster, Managing Director of IM Cannabis. “They bring to the IMC Board extensive cross-national experience, leadership and expertise in creating solutions to complex challenges. We are privileged to have them on our Board and look forward to this new chapter of the company.