2 Marijuana Stocks For Cannabis Investing Today
Some marijuana stocks have recently seen an increase in up-and-down trading. This has allowed some shareholders to capitalize on the momentary rise. For the other marijuana stocks in the sector, it’s been tough to see an upward path. Much of this inconsistency in the sector is caused by a lack of federal reform and other areas of regulation. Many feel that without comprehensive reform it will be difficult to reduce the level of volatile trading.
The concern with the cannabis industry is that in the USA rules and regulations are always changing. What this does is create more caution for people who are involved with cannabis investing. Yet with how fast legal cannabis is making its way around the world it’s only a matter of time before a better structure of regulations is made law.
Once some kind of federal law is passed in favor of rescheduling cannabis investors will have restored confidence in looking for marijuana stocks to buy. With the way the industry is evolving more investment opportunities are potentially on the horizon. Just make sure you do your research and proper due diligence on the cannabis stocks you feel are worth investing in. Below are a few marijuana stocks to watch for better momentum this week.
Marijuana Stocks To Watch 2023
Ayr Wellness Inc.
Ayr Wellness Inc. operates as a vertically-integrated cannabis multi-state operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names.
In recent news, the company announced it will hold its Q1 2023 conference call on May 16th at 8:30 a.m. AYR President & CEO David Goubert and CFO Brad Asher will host the conference call, followed by a question-and-answer period. The Company will provide its financial results in a press release prior to the call.
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Planet 13 Holdings Inc.
Planet 13 Holdings Inc. an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. Recently the company mourned the passing of Board member Mike Harman. Mike Harman, passed away on April 6, 2023, at the age of 50. The Company extends its sincere condolences to his wife Jeanette and his entire family.
He is remembered as a dear friend, admired colleague, devoted husband, and father. Mr. Harman has served on Planet 13’s Board of Directors and as Chair of the Audit Committee since Planet 13 went public in June 2018. Mr. Harman was a valued board member who helped guide the Company through its go-public transaction, transition to U.S. GAAP, and SEC filing. He was a friend and respected voice to everyone at Planet 13.
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Words From The Company
“Mike was a valuable and trusted voice within our organization and was by our side at every step of our evolution. We deeply appreciate Mike’s numerous contributions and especially his friendship. We offer our deepest condolences to his wife and family. He will be dearly missed.” said Bob Groesbeck and Larry Scheffler, Co-CEOs of Planet 13.
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