3 Marijuana Stocks For Long-Term Profits

Industry Overview - Marijuana stocks are currently in a volatile state with limited upward movement, prompting shareholders to explore various strategies to turn a profit [1] - The lack of federal reform in the U.S. and similar legal frameworks in other global regions are significant barriers, with better laws being essential for recovery [2] - Optimism exists within the industry, as companies are finding ways to maintain operations and profitability despite challenges [2][3] Company Highlights - Ayr Wellness Inc.: The company has extended its limited waiver agreement with senior noteholders until July 18, 2025, providing additional time for negotiations and strategic options to strengthen its capital structure [4][6] - Verano Holdings Corp.: Recently appointed James Leventis as Chief Strategy and Compliance Officer, aiming to enhance the company's strategic leadership [7][9] - Glass House Brands Inc.: Announced preferred equity refinancing on July 16, replacing existing Series B and Series C Preferred Stock with Series E Preferred Stock, effectively canceling the previous series [10][12]