3 Marijuana Stocks To Buy And Hold Today?

Industry Overview - The cannabis sector has experienced a significant drop in trading recently, attributed to the failure of cannabis reform in Florida during the presidential election and Donald Trump's victory [1][2] - There is growing concern that the newly elected president may not support cannabis reform, which could increase volatility and uncertainty in the market [2] - Despite current challenges, there is optimism for future federal reform, and investors are encouraged to focus on long-term opportunities as prices in the sector are low [2] Company Highlights - Greenlane Holdings, Inc.: Engages in the development and distribution of cannabis accessories and lifestyle products across the U.S., Canada, and Europe. Recently announced an exclusive distribution agreement with Safety Strips Tech Corp for fentanyl and drug detection test strips in the U.S. [4][5][6] - WM Technology, Inc.: Provides e-commerce and compliance software solutions for cannabis retailers and brands. The company is set to report its Q3 2024 financial results on November 12 [8] - Leafly Holdings, Inc.: Operates a platform connecting consumers with cannabis information and brands. Recently reported Q3 2024 financial earnings, showing a revenue decline to $8.4 million from$10.6 million in Q3 2023, with a gross margin of 89% [9]