The cannabis industry has undergone many changes over the last decade. More states have gone legal with only a few left before the entire USA has legalized cannabis. As more companies enter the market, the potential for better growth and more investors becomes evident. Many legal operators in the USA are reporting large amounts of revenue. This sparks the interest of those looking to enter the space without the heavy lifting. This is where looking into marijuana stocks can be a saving grace for those who want to join the cannabis sector.
RISE Dispensaries, a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), today announced the opening of RISE Dispensary Henderson on Boulder, located at 1000 S Boulder Hwy, Henderson, NV 89015, on March 4. The new Henderson location, conveniently near the Downtown Henderson Water Street District, marks the 12th RISE Dispensary location in Nevada and 102nd nationwide.
Green Thumb Industries Inc. (OTCQX:GTBIF) Q4 2024 Earnings Conference Call February 26, 2025 5:00 PM ET Company Participants Shay Caplice - Director of Communications Ben Kovler - Founder and Chief Executive Officer Anthony Georgiadis - President Matt Faulkner - Chief Financial Officer Conference Call Participants Matt Bottomley - Canaccord Genuity Aaron Grey - Alliance Global Partners Eric Des Lauriers - Craig-Hallum Capital Group Frederico Gomes - ATB Capital Markets, Inc. Pablo Zuanic - Zuanic & Associates Bill Kirk - ROTH Capital Partners Operator Good day, and welcome to the Green Thumb Industries Fourth Quarter and Full-Year 2024 Earnings Conference Call and Webcast. All participants will be in a listen-only mode.
Green Thumb Industries Inc. (GTBIF) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.01 per share a year ago.
Even though the cannabis sector still faces many challenges 2025 could be the turning point. Some feel that it's possible to see soft support from President Donald Trump. Back in 2024, it was in agreement with Florida's Rec bill. Also once before he briefly spoke on how states should have the right to vote on their laws including legal cannabis. With how much progress and money that is being made hopefully this year is the time we finally see more support from Donald Trump to pass federal reform.
Green Thumb Industries stock is down 32% over the last year. The failed vote in Florida for recreational cannabis caused volatility for cannabis stocks. The company reported excellent financial results last November for Q3-2024.
Marijuana stock investors are staying focused on the future of the cannabis industry. There is a big outlook on what's to come in 2025. The overall growth of the sector has come a long way since going legal. Yet over the last several years, the success of the industry has not matched the publicly traded side of the business. For example, when 2024 earings were released some companies had amazing results. However, the success of their business did not transcend into better market performance as a stock.
Marijuana stocks stand a good chance of seeing better trading in the near future. The reason for this is that when a new year begins, the chance to enact reform starts all over. Also, with a new president set to take office, this has a huge impact on the sector and the industry as a whole, specifically in the USA. Many feel once federal reform is put into place, it will restore momentum and lessen volatility. The safer investors feel the more confident they will become to trade more often. Many at this time see cannabis stocks as a long-term play.
The cannabis industry faces potential challenges in 2025 due to significant debt maturities and uncertain political climate. GTI highlighted as the most consistent performer while Verano is also favored for its undervaluation and strategic execution.
More people are looking for ways to invest in legal cannabis. This interest has led most marijuana stocks to learn about the various companies. Back in November, many marijuana stock companies reported their Q3 earnings, with some having strong reports. At this time, volatility lowered and the upward momentum increased for a short window. Often with how unpredictable the sector can be, there is a strong volatile presence.
Marijuana stocks are still facing a fair amount of volatile trading. Some feel this is due to several reasons one being an ongoing concern. The first is the passing of the Presidential election and what will take place for the cannabis industry under Donald Trump. As well it is the Holiday season so things can be a bit crazy inside and out of the sector. Now the bigger ongoing issue of federal reform and the future of the sector is what many are worried about.
Green Thumb's Ben Kovler says the big drop in canna stocks this week isn't causing the Chicago-based company to change course.