3 Marijuana Stocks For Investors This Year

Industry Overview - The cannabis industry in the United States has evolved into a multi-billion-dollar sector, driven by increased demand for legal cannabis as societal attitudes shift [1][2] - The growth of the industry is attributed to greater access to legal cannabis, leading to higher consumer demand and revenue generation [1] Public Trading and Investment Opportunities - Several cannabis companies are publicly traded, allowing investors to buy and sell shares in the open market, providing an alternative to starting a cannabis business [2] - The sector remains volatile, presenting both risks and potential upside for investors looking for top marijuana stocks [3] Key Companies to Watch - WM Technology, Inc. (NASDAQ: MAPS) is considering a proposal from its co-founders to take the company private, with the founders currently owning approximately 32% of the outstanding shares [4][9] - Leafly Holdings, Inc. (NASDAQ: LFLY) operates a platform connecting consumers with cannabis brands and retailers, recently recognized for its strain "Super Boof" as the strain of the year for 2024 [5][6] - Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) manufactures and distributes controlled environment agriculture equipment, reporting a decrease in net sales to $44.0 million but an increase in gross profit margin to 19.4% [12]