These Cannabis Stocks Could Be Top Movers Next Week
The cannabis sector is still showing heavy volatile trading for most cannabis stocks. Even with more reasons to invest in marijuana stocks, there seems to be something holding the sector down. Many feel with no federal reform in place there is continuous fear that federal regulators can come in and shut down the industry. Cannabis is still federally illegal. Yet doubtful that things will get shut down as the revenue and progress only show to be increasing.
Truthfully it is only a matter of time before some type of federal reform is made law. Too many politicians are behind the legal cannabis movement for things to turn back now. Also not long ago legislators reintroduced the SAFE Banking Act which would allow banks to work with legal cannabis businesses. So the level of volatile trading could be used as a time to find marijuana stocks to buy for your 2023 portfolio.
Just remember to do your research on each possible company you feel is worth investing in. Once you have narrowed down your list you should also develop a plan of action to help you. So for instance if you find that your picks are not performing how you thought you have a system to help reach your return goals. Below are a few marijuana stocks to watch trading in June as just begun.
Top Marijuana Stocks For This Month
Green Thumb Industries Inc.
In recent news, the company has opened RISE Bristol. This makes for the company’s 80th retail location in the Nation.
Words From The Company
“We are thrilled to open RISE Bristol in Virginia, further expanding Green Thumb’s commitment to providing access to premium cannabis brands,” said Green Thumb Founder, Chairman, and Chief Executive Officer Ben Kovler. “RISE Bristol will serve as a place of well-being, compassion, and support for medical cannabis patients in Virginia.
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as through home delivery.
Recently the company announced it has collected 965,000 signatures for Florida’s Smart & Safe campaign. That number represents more than enough to secure ballot placement for the 2024 General Election. The initiative, if passed, will allow adult Floridians (ages 21+) to enjoy the freedom to use cannabis products for personal consumption.
[Read More] 2 Marijuana Stocks To Watch In June 2023
Words From The CEO
Trulieve CEO, Kim Rivers said, “Our investment demonstrates our firm belief that Floridians are ready to experience the freedom to use cannabis for personal consumption; a freedom which is currently enjoyed by more than half of America’s adults. With over 965,000 validated signatures from nearly every part of our state, it is clear these voters share that belief. We are thrilled the campaign has made this milestone and look forward to seeing this initiative on the ballot next November.”
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