Top Marijuana Stocks To Buy Under $1? 2 For Your List To Close Out October

Are you looking for top marijuana stocks to buy while the cannabis sector is at its lowest levels in 2021? For several months the declines in the best cannabis stocks to invest in have created an opportunity for new investors looking to…

gain exposure to the cannabis industry. One way many investors are taking advantage of the price swings in the cannabis sector is by trading marijuana penny stocks. For those not familiar with penny stocks these are stocks that trade under the $5 price point.

In general cannabis penny stocks are considered a higher-risk investment and many investors prefer trading them on a short-term basis.  Some traders use day trading and swing trading methods to produce returns taking advantage of the market volatility. In 2021 cannabis penny stocks rallied in the first quarter establishing new highs in mid-February. Now after about nine months of declines in the cannabis sector it could be time for marijuana stocks to rebound.

One potential catalyst that is gaining more momentum on Capitol Hill is federal marijuana legalization, decriminalization, and cannabis banking reform. Although this is one of the main reasons that top pot stocks have experienced this current downtrend once legalization happens it could create significant upside. This year many leading cannabis companies have delivered strong revenue growth and expanded in the growing US market.

Understanding The Stock Market And The Cannabis Sector

Before investing in marijuana penny stocks, it’s important to do your own research on a company to find the top performers to invest in. Researching a company’s financials and studying how the stock performs in the market can help you produce the best returns from your investments. In general, learning how to read charts and analyze stocks in the market will help you establish the most gains from your trades.

At the present time, In the US leading cannabis companies have seen substantial growth that could continue for the next five years. As we head into November, we could see some potential upside from pot stocks. Although earnings result for cannabis companies has not helped cannabis stocks in the market next month could be different. Let’s look at 2 top marijuana penny stocks for your watchlist this week.

Best US Marijuana Penny Stocks For Your November Watchlist

  1. Lowell Farms Inc. (OTC: LOWLF)
  2. MariMed Inc. (OTC: MRMD)

Lowell Farms Inc.

At the present time, Lowell Farms Inc is a company establishing a large presence in the California cannabis market. In general, the company has advanced production capabilities, grows artisan craft cannabis, and built a portfolio of award-winning licensed cannabis brands for cannabis consumers.  Recently, the company established a licensing agreement with Ascend Wellness Holdings. Specifically, the two companies will bring Lowell Smokes brand to dispensary locations in Massachusetts and Illinois. Additionally, the company announced its iconic Lowell Smokes pre-roll packs will be available in Illinois. Now, Lowell Smokes will be available to Illinois consumers throughout 8 retail locations in the state.

In general, Lowell Farms reported record cultivation output and record second-quarter 2021 revenue of $15.2 million. The company sustained an operating loss of $473 thousand an improvement from the $.8 million loss in Q2 2020. As a result, the company produced gross margins of 38% Lowell Farms announced it is commissioning a first-of-its-kind cannabis processing facility in Salinas Valley, California. This facility will be capable of processing 250,000 lbs. of flower cannabis annually. In September the company debuted a limited-edition Hash Wrap at the Hall of Flowers trade show. LOWLF stock closed on October 26th at $0.87 down 13.45% in the past month. Currently, the stock has a 52-week price range of $0.74-$2.149 and is down 19.53% year to date.

MariMed Inc.

MariMed Inc. is a cannabis multi-state operator that is developing its own brand state-licensed cannabis facilities and dispensary operations. In September MariMed announced the appointment of Steve West as Vice President of investor relations. The company will announce…


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