Several cannabis stocks are in a position to start rewarding investors more
May is now in its second week and investors are still looking for the right marijuana stocks to extend their portfolios. Many of the best marijuana stocks to buy continued to decline over the past week. With similar buying expected over the next few days, many investors are looking for lower price points to establish new entries into the market. In an industry like this, taking a look at these new discounted stock prices could be an opportunity for long-term investors.
Leafly Holdings is one of the companies that has presented a great opportunity over the past few months. This well-known online cannabis discovery marketplace and consumer resource announced a few months ago that its common stock began trading on Nasdaq. Today, Leafly is considered by many consumers to be the most trusted site for locating and purchasing cannabis products from verified legal suppliers globally.
Following a similar vein to Leafly, there is also WM Technology. Weedmaps is a recognized directory of cannabis-related businesses and users, as well as an online marketplace. Usually, WM Business products help to keep up with the rigid and ever-changing rules of the cannabis industry. In September, the company acquired Sprout, a well-known cannabis marketing and CRM platform.
And then there is Acreage Holdings, a marijuana retailer and producer with locations across the country. Should the federal ban become a reality, it could see a takeover of Canopy Growth Corporation. Acreage is known for having the most dispensaries permitted in New Jersey, and also plans to complete its cultivation facilities there.