Agrify Corp. (AGFY)
NASDAQ (CM) NASDAQ (CM) Primary 
Top Marijuana Penny Stocks to Watch Next Week for Potential Gains
As the cannabis industry continues to grow, marijuana stocks have gained significant attention from investors. In 2023, the U.S. cannabis market generated over $32 billion in sales, and projections suggest it could reach $50 billion by 2028. With ongoing legalization efforts, the industry is poised for further expansion. Recent headlines, including the possibility of federal legalization, have fueled interest in marijuana stocks. These developments have driven volatility in penny stocks, which can offer high returns. However, due to their low prices, they also come with higher risk, making proper strategy essential.
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Vertical farming is a hot topic with significant productivity-based advantages. In fact, the industry is forecasted to grow by 24.1% annually until 2031, illustrating its potential.
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Elections can significantly influence financial markets, including the domain of penny stocks. Penny stocks, often traded below five dollars per share, present a unique opportunity for investors aiming for substantial gains through small initial investments.
Why Is Agrify (AGFY) Stock Up 70% Today?
Agrify (NASDAQ: AGFY ) stock is rocketing higher on Monday alongside heavy pre-market trading of the cannabis hardware and software cultivation company's shares. This has more than 17 million shares of AGFY stock changing hands as of this writing.
These Marijuana Stocks Could Soon Rise In Momentum
Marijuana stock investors see the future of cannabis as being even more profitable in the market. But what is triggering this speculation surrounding investing in cannabis? The cannabis industry has come a long way over the years with over 50% of the USA having established cannabis markets. Even with no federal reform set in place companies have been seeing great success. When continuous growth and money is being made it creates excitement among those who invest.
