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3 Best Cannabis Penny Stocks to Watch as U.S. Legalization Momentum Builds
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-09-23 14:00
Top Marijuana Penny Stocks to Watch This Week Amid Industry GrowthThe U.S. cannabis industry continues to expand despite recent market volatility. In 2024, legal cannabis sales surpassed $30 billion nationwide. Analysts project sales could grow to nearly $50 billion by 2030. This growth is fueled by the opening and expansion of new markets and medical programs. Recently, headlines focused on ongoing discussions about federal legalization and potential reclassification of cannabis under the Controlled Substa ...
Marijuana Penny Stocks to Watch: Market Trends, Legal Updates, and Trading Strategies
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-09-11 14:00
Industry Overview - The U.S. cannabis industry is experiencing significant growth, with legal retail sales reaching approximately $30 billion in 2024 and projected to grow over 13% to $34 billion in 2025. Long-term forecasts suggest the market could exceed $90 billion within the next decade [1] - Adult-use cannabis is now legal in 24 states, while medical programs are operational in 40 states. Recent regulatory changes, including delayed rollouts and new THC guidelines, present both opportunities and risks for investors [1] Company Analysis: Ayr Wellness - Ayr Wellness reported full-year 2024 revenue of about $463.6 million, remaining flat compared to 2023. The company incurred a net loss of $359.3 million, worsening by approximately 31.9% year-over-year, largely due to non-cash impairment charges [7] - Ayr opened 11 new dispensaries in Q4 2024, bringing its total to 97 stores nationwide, with expansions in Florida, Ohio, and Connecticut. The company received conditional approval to operate in Virginia, indicating growth amid regulatory shifts [3][7] Company Analysis: Verano Holdings - Verano Holdings reported full-year 2024 revenue of $879 million, down roughly 6% year-over-year. The company posted a net loss of $342 million, which is about 39% of revenue, but adjusted EBITDA was $264 million, equivalent to 30% of revenue [10] - As of mid-2024, Verano operates in 13 states with over 139 dispensaries and has expanded into Virginia, Arizona, and Ohio, indicating a broad geographic reach and commitment to regulatory compliance [8][10] Company Analysis: Planet 13 Holdings - Planet 13 reported trailing twelve-month revenue of approximately $117.3 million, reflecting an 18.2% increase over 2023. However, it posted a net loss of about $49.2 million for the same period [14] - The company operates the Planet 13 Las Vegas dispensary and has multiple retail stores across several states, focusing on upscale branding and experiential retail, although it continues to face challenges in achieving profitability [11][14] Market Dynamics - The cannabis penny stock market is characterized by high volatility, with traders advised to use technical analysis, including breakouts above resistance and volume spikes, to identify potential trading opportunities [2] - Recent discussions around federal reclassification of cannabis are fueling speculative rallies, but any delays could lead to sharp market declines, emphasizing the need for disciplined trading strategies [2][15]