Although federal marijuana legalization has brought down the cannabis sector in the market these companies have continued to perform at higher levels.
With a hand full of top-tier cannabis companies leading the US cannabis market this could be time to start a watchlist of pot stocks.
Before the first trading week of November let’s look at 4 of the best US marijuana stocks for your watchlist next month.
In addition, the company opened its first dispensary in the state of Massachusetts adding another market it can produce growth in.
As a result, the company achieved its 14th consecutive quarter of profitability has served over 500,000 cannabis customers.
For the first half of 2021, the company has delivered revenue of $416.3 million an increase of 87.3% from the previous year.
During Q2 the company opened another five dispensaries and continues to expand its footprint in the third quarter.
For its outlook, the company expects gross profit margins of more than 50% for the remaining two quarters of 2021.
According to analysts at Tip Ranks CRLBF stock has a 12-month average price target of $17.30 per share.