4 cannabis stocks and cryptocurrencies to watch

Many financial experts have explored various cannabis stocks and cryptocurrencies to watch, especially since marijuana is still such a lucrative sector. What are some cannabis stocks and cannabis cryptocurrencies that may have some potential for the short-term or long-term future?

Wall Street might be interested in marijuana revenue, but banks still have major reservations regarding cannabis startups and cannabis-themed companies in general. As a result, many crypto enthusiasts have created and supported cannabis cryptocurrencies. 

Here are four cannabis stocks and cryptocurrencies to watch. 

What do cannabis stocks represent?

Before we examine various cannabis stocks or cannabis cryptocurrencies, you may want to determine why you’re investing in a particular business. Are you investing in a marijuana company because of their branding, or because they have more strategic investors than the competition?

As for cannabis cryptocurrencies, have you done some research regarding their team or whitepaper? Also, have they made any strategic inroads or partnerships within the cannabis community, or do they have any advisors that can guide them in the right direction?

Some cannabis stocks are focused on the medical aspect of cannabis, while other cannabis stocks represent recreational retail shops. There are also major biotech companies interested in growing the best possible cannabis that might be worth examining. 

Truelieve ($TCNNF)

https://www.trulieve.com/

When it comes to major marijuana players, you might not have heard of Truelieve. However, it absolutely should earn a spot on your list of cannabis stocks and cryptocurrencies to watch. Truelieve was Florida’s biggest medical marijuana operator. Thanks to a recent acquisition, it’s now also the nation’s biggest cannabis retailer.

The multistate operator recently announced an exclusive partnership to carry Wiz Khalifa’s strand, Khalifa Kush. Wiz Khalifa remains one of the biggest cannabis influencers in the world.

You can trade Truelieve under the OTC ticker $TCNNF. While its stock price might be down significantly from the start of 2022, many believe $TCNNFF is a bargain at these prices.

Potcoin ($POT)

https://www.potcoin.com/

When it comes to cannabis, it never hurts to be the first. Potcoin is one of the most well-known cannabis cryptocurrencies, and it was one of the first established marijuana-themed cryptocurrencies in the world. Potcoin launched back in 2014.

The goal of Potcoin is to empower a banking ecosystem within the cryptocurrency industry. However, it’s mostly famous for a Dennis Rodman trip and hasn’t been gaining traction recently. The Potcoin Foundation also claims to function like a DAO. 

There was a time during the 2017 bull run when Potcoin surged over 20 cents, but these days it’s worth less than half a penny. While it might not sound promising right now, it could be that Potcoin’s next bull run is just around the corner. If you’re bullish on cannabis and crypto, then Potcoin should be on your watchlist.

Green Thumb Industries ($GTBIF)

https://www.gtigrows.com/

Green Thumb was founded in 2014 and is headquartered in Chicago. Green Thumb boasts 15 manufacturing facilities and licenses for 110 retail locations across the United States. They also have a family of brands, including Dogwalkers, Incredibles, and Beboe.

Green Thumb experienced significant revenue growth in 2021, and there’s no reason to think that shouldn’t continue into 2022 and beyond. The company is also looking to actively expand in New York. If you’re into cannabis stocks, Green Thumb should be high on the list.

HempCoin (THC)

https://hempcoin.org/

The HempCoin was created to help the marijuana industry by offering a blockchain-based global agricultural solution. The Hemp Coin, or the $THC coin, was launched in 2014. It is meant to serve as a platform for marijuana farmers and distributors.

One fun fact about HempCoin? While it might not be on everyone’s watchlist or dominating news cycles these days, it was still one of the first 30 cryptocurrencies EVER created. In January 2018, HempCoin broke into the top 100 cryptocurrencies on CoinMarketCap.

It still remains one of the most established cannabis cryptocurrencies in the world.

What other cannabis stocks and crypto should you be thinking about?

While Wall Street might have taken a solid interest in cannabis, there’s an unavoidable fact: the cannabis cryptocurrencies currently lack some real liquidity. As a result, it might be wise to keep them on a watchlist and wait to see whether they get some momentum. Interested in more than just cannabis stocks or cannabis cryptocurrencies? It might be worth looking into NFT collections like the Crypto Cannabis Club.

If you’re bullish about the future of marijuana legalization in the United States, then these cannabis stocks and cryptocurrencies might offer a unique opportunity to profit. It’s 4/20, so if you partake — smoke responsibly. Remember, just because you get high doesn’t mean these cannabis stocks or cannabis cryptocurrencies will be back at their all-time highs anytime soon.