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2 Pot Stocks Making Waves In California - $CGC $TGIFF

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Marijuana stocks and the companies behind them have found a new home on the West Coast.
California is widely regarded as the largest individual marijuana market in the world. Because of its size, the industry has attracted a large number of pot stocks and pot stock investors. All of this goes to show that the Californian marijuana stock market seems to be ripe with opportunities. One of the main reasons for this is that the state has decided to recreationally legalize cannabis.

As the largest state to do so, they have set an example for the rest of the country on how to properly legislate for the pot stock market. The industry does come with its downsides like any market however, such as oversupply and high taxes. These seem to be quite small in the scheme of marijuana stock growth throughout the state. Regardless, these pot stocks to watch have made California their home, and for good reason.

A Vertically Integrated Pot Stock Working Within California

1933 Industries Inc. (TGIFF) (TGIF) is one of the leading vertically integrated cannabis stocks working out of both the U.S. and Canadian pot stock markets. The company works through two subsidiaries. With these, they participate in cannabis cultivation, extraction, processing, and manufacturing assets.
The company has stated that its main goal is to deliver natural wellness-based products throughout their various wholly-owned brands. The brands include AMA flower and AMA concentrates as well as CBD-infused Canna Hemp and Canna Hemp X among others. The company has partnership agreements with several other big players in the marijuana stock market as well.

A Big Announcement for 1933 Industries

The company recently announced that they have signed an exclusive licensing agreement to move into the Californian marijuana market. With this agreement, they should have access to the largest individual pot stock market in the world. Under the agreement with Green Spectrum Trading, Inc, the company will be able to provide management services, operational and accounting services and general oversight to the latter.

For those who don’t know, Green Spectrum is a licensed medicinal and recreational cannabis brand located within California. The company participates in cannabis cultivation, manufacturing, and distributing. The goal with this most recent agreement if to have a broader reach for 1933 Industries overall. With this, they should be able to capitalize further on the Californian pot stock market.

The Big Pot Stock to Watch

Canopy Growth (NYSE:CGC) is widely regarded as one of the largest pot stocks in the whole of the industry. The company has been working to move deeper into the Californian cannabis market and the U.S. as a whole. Investors should keep in mind however that they have run into some issues of oversupply in the past few months.

This is something that many of the large pot producers have run into, which means that it should be solved in the not too distant future. The company has also been working to gain back their lead in the Canadian pot stock market, but only time will tell. For now, they definitely remain a key pot stock to watch.

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