7 Cannabis Stocks to Buy BEFORE the Marijuana Rescheduling Boom

Tuesday, 19 September 2023, 12:45:19
There’s a reason people are looking for cannabis stocks to buy now. It is increasingly likely that marijuana will be rescheduled from a Schedule I controlled substance to a Schedule III controlled substance. Many of the more interesting cannabis stocks to buy now have not provided the returns that investors expected over the last few years. The realities of profitability have met initial enthusiasm. Losses continue to plague the industry. Those losses have been substantial. I would continue to avoid those firms. Rescheduling won’t be enough to affect change. The best cannabis stocks to buy now are the few profitable firms, picks and shovels companies, and established pharmaceutical companies with cannabis revenues. Green Thumb Industries (GTBIF) Source: Jetacom Autofocus / Shutterstock.com Green Thumb Industries (OTCMKTS: GTBIF ) has found profitability, which makes it one of the safer cannabis stocks to buy now. The company reported $13 million in net income on $252 million in sales.
— InvestorPlace

Rescheduling Marijuana 2023: 3 Cannabis Stocks That Could Skyrocket

Tuesday, 12 September 2023, 22:00:59
The U.S. Department of Health and Human Services recently called for cannabis to move from Schedule I (the most restrictive category) to Schedule III. While the transition hasn’t taken effect yet, and rescheduling still falls short of decriminalization, a reclassification would have a major impact on U.S. cannabis stocks. Critically, rescheduling could tweak cannabis stocks’ financial standing quickly. For example, the tax code currently treats cannabis companies operating legally in their state as federal criminals. Specifically, these companies cannot count business expenses as a deduction on tax filings. So, while the businesses are paying taxes as required, they’re paying far more than non-cannabis companies. That doubles their effective tax rate, which wreaks havoc on GAAP profit margins. Rescheduling would mean an instant tax cut and margin expansion. In other words, companies would have more money in their pockets to expand operations or return value to shareholders. Curaleaf Holdings (CURLF) Source: Jetacom Autofocus / Shutterstock.com Curaleaf Holdings (OTCMKTS: CURLF ) could be the biggest winner of rescheduling efforts, and the company’s stock price reflects its potential.
— InvestorPlace

Curbstone Financial Management Corp Acquires New Shares in The Scotts Miracle-Gro Company (NYSE:SMG)

Monday, 4 September 2023, 17:13:35
Curbstone Financial Management Corp bought a new … quarter worth $34,000. Mendota Financial Group LLC bought a new … on Thursday, August 3rd. Truist Financial reduced their target price on …
— EIN News Finance

Eleventh-Hour Climbers: 7 Stocks Gearing Up for a Late Summer Surge

Sunday, 3 September 2023, 22:11:15
While some publicly traded enterprises left no doubt as to their trajectory, a few others are just now benefiting from a late summer stock surge. Better late than never, though. And while these ideas may technically be eleventh-hour stock picks, underlying circumstances make them rather compelling. First, seasonality matters. Initially, stocks climbing during the summer might raise suspicion; as to, where were these gains all along. However, this period is also the time when the Wall Street types return from their vacations in the Hamptons. Back on the saddle, these stocks with late summer momentum may yet rise higher. Second, many of these ideas have been overlooked, meaning that they could be less likely to lead to bag-holding incidents. To be sure, no one can guarantee that. Still, for many investors, it’s a better proposition than deliberately acquiring well-overheated securities. On that note, below are some of the stocks that could see a late summer stock surge. Late Summer Stock Surge: Sirius XM (SIRI) Source: Shutterstock I’m not going to sugarcoat it.
— InvestorPlace

Scotts Miracle Gro 10% Owner Sold $3.56M In Company Stock

Wednesday, 23 August 2023, 17:03:00
Hagedorn Partnership LP , 10% Owner at Scotts Miracle Gro (NYSE: SMG ), reported a large insider sell on August 22, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that LP sold 71,480 shares of Scotts Miracle Gro . The total transaction amounted to $3,558,782. Scotts Miracle Gro shares are trading down 0.1% at $50.24 at the time of this writing on Wednesday morning. Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm. The Importance of Insider Transactions Insider transactions shouldn”t be used … Full story available on Benzinga.com
— Benzinga