As New Jersey and New York start the sale of legal cannabis will the sector see some upward momentum? Some feel there is a chance on that day some marijuana stocks with businesses in the state could possibly see better trading.
Right now the strategy seems to be to wait for news on federal reform and take advantage of any rise in trading.
However, this is not a strategy that is circumstantial meaning that if it passes or doesn’t traders need more reason to invest in marijuana.
As well as doing your research on the sector and the best marijuana stocks you think will yield more upside.
In recent news, Greenlane announced it has strengthened its leadership and diversity, and industry expertise.
The Company also announced the resignation of Dallas Imbimbo from the Company’s Board of Directors.
At this the time, GrowGen was able to produce a record revenue of $422.5 million and an Adjusted EBITDA of $34.5 million in 2021.
Revenues increased 46% to $90.6 million in the fourth quarter and increased 119% to $422.5 million for the full year of 2021.
As well this past month the company announced for its Q4 2021 and full-year earnings it has generated record revenue.
In addition to seeing a record adjusted EBITDA1 of $194 million, an increase of 219% year-over-year.
The information contained on this website , is intended for informational and educational purposes only, and should in no way be interpreted as medical, legal, or any other advice concerning the cultivation, sale, or any other use of marijuana, which, although legal in some states and local jurisdictions throughout the United States, is currently illegal under federal law, as well as in other states and local jurisdictions.