Cannabis Stock Market Update: June 2024

Hey everyone,

It’s time to dive into the latest happenings in the cannabis stock market. If you’re looking to invest or just curious about how things are shaping up, here are some key updates and trends.

Cronos Group (CRON)

Cronos Group is making waves with steady performance and impressive potential for growth. This company isn’t just sitting on its cash reserves; it’s actively expanding into promising markets like Germany and Australia. Their partnership with Cansativa in Germany and Vitura in Australia positions them well for the future. If you’re looking for a stock with a robust cash buffer and international ambitions, Cronos is one to watch​ (​​ (NerdWallet: Finance smarter)​.

Tilray Brands (TLRY)

Tilray is playing it smart by diversifying its portfolio. They’ve ventured into the craft beer market, which is growing almost as fast as the cannabis sector itself. With a 37% year-over-year growth in international cannabis revenue, Tilray’s strategy of blending cannabis and craft beer is starting to pay off. Keep an eye on this one, especially as they continue to push boundaries and expand their market reach​ (​​ (​.

Curaleaf Holdings (CURLF)

Curaleaf has been on a roll, seeing a 28% increase in stock value over the past six months. Their expansion into Europe and strong R&D focus are setting them up for continued growth. With a significant presence in 17 states in the U.S. and promising markets in the UK, Germany, Switzerland, and Poland, Curaleaf is positioning itself as a major player in the cannabis market​ (​​ (​.

Innovative Industrial Properties (IIPR)

For those looking at cannabis from a real estate angle, Innovative Industrial Properties (IIPR) is a standout. This REIT has shown strong financial performance, with consistent rent collections and a high dividend yield. Their strategic acquisitions and solid fundamentals make IIPR a compelling long-term investment, especially as the cannabis market continues to expand​ (​.

Trulieve Cannabis (TCNNF)

Trulieve is another stock catching strong support and starting to pivot. With substantial revenue and free cash flow, Trulieve is well-positioned to benefit from potential cannabis legalization in Florida. This stock could see significant gains if the legalization efforts succeed, making it a solid bet for those willing to take a long-term view​ (​.

Final Thoughts

The cannabis market is buzzing with activity, but it’s important to remember that this industry is still relatively young and highly speculative. Federal legal restrictions and market volatility mean that investing in cannabis stocks isn’t for the faint of heart. However, for those who are willing to navigate the risks, there are some exciting opportunities on the horizon.

Stay tuned for more updates, and as always, do your research before making any investment decisions. Let’s keep pushing forward and breaking those stigmas!

Catch you on the flip side,



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Based in Metro Detroit, Michigan, Weed’s Great is a cannabis content company that is dedicated to creating engaging and informative content for cannabis lovers of all demographics. We produce videos, blogs, podcasts, and social media posts that are designed to be both entertaining and educational, with the goal of promoting responsible cannabis use!

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