Top Marijuana Stocks To Watch In The Market
The decision to invest in marijuana stocks or any other type of investment should be based on careful research and market analysis. As well as the chance to make money. It’s important to consider the risks associated with investing in marijuana stocks, as with any investment. The cannabis industry is highly regulated and subject to changing laws and regulations in different jurisdictions.
Additionally, marijuana stocks can be volatile and subject to rapid price fluctuations due to a lack of laws and regulations. For example, the hold-up with initiating federal reform has created an increase in volatile trading. The more you know about a company both past and present the better your odds of seeing a good return. Furthermore, it’s important to diversify your investment portfolio and not solely rely on one type of investment.
Meaning there are many different companies in the cannabis sector so having more than one marijuana stock in different areas can help build a strong portfolio. Diversification can help spread risk and minimize potential losses. The info stated above is good to know when looking for marijuana stocks to buy. This upcoming week could be good for investors and those looking to invest in cannabis. With how fast things can change taking advantage of any up or down movement is key. Below are several marijuana stocks to watch this month.
Top Marijuana Stocks To Watch 2023
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- GrowGeneration Corp. (NASDAQ:GRWG)
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. Recently the company announced a strategic packaging partnership with A&A Global Imports d/b/a MarijuanaPackaging.com.
Consistent with the partnership, MJ Pack will become Greenlane’s strategic partner to continue providing and enhancing packaging solutions. The partnership will also provide working capital to Greenlane and allow the Company to continue investing in its growing higher-margin consumer products business. This partnership allows Greenlane to complete a key warehouse consolidation. As well as continue cost-saving initiatives estimated to be over $3M annually.
[Read More] Top Marijuana Stocks To Watch All Of 2023
GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States.
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Words From The Company
Darren Lampert, Co-Founder and Chief Executive Officer of GrowGen, said, “We are excited to expand our retail footprint into Montana with this transaction. Since its founding, Community Garden & Greenhouse has been very successful in serving its local and surrounding growing communities. We look forward to continuing this strong legacy and further building-out this strategically important market for GrowGen.”
