These two cannabis stocks could give investors a boost this month

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Investments in cannabis offer the possibility to strengthen portfolios

The second week of August has already started and there are still marijuana stocks with great potential for this month. Many investors prefer not to get ahead of themselves and wait to see how some companies report earnings before valuing their numbers. While it is true that some investors are not operating from a more fundamental point of view, there is no doubt that the growth of the marijuana industry is becoming more stable. There are still states that could soon become legal before 2022 comes to an end, and that makes the market ripe with opportunity.

Greenlane Holdings is at least one such company that is likely to make for a very positive August. This firm is based on the development and distribution of marijuana accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe.

Among its most recent and noteworthy updates is the approval by the board of the reverse stock split index. The primary objective of this reverse stock split is to bring Greenlane into compliance with the minimum bid price requirement to maintain its listing on the Nasdaq.

On the other hand, there is Cresco Labs, a company that, with the help of its subsidiaries, is in charge of manufacturing, cultivating, and selling medical and retail cannabis products in the US. Earlier this month, the company said that August 17 will be the date of its second-quarter earnings call.

In the middle of last month, the company got the go-ahead from the British Columbia Supreme Court to work with Columbia Care Inc. The final order comes on the heels of major shareholder approval for the business combination at the company’s special meeting of shareholders held on July 8.