Top Marijuana Stocks In The Cannabis Sector This Week
The cannabis industry has gained significant attention from investors. This has led many to search for the best marijuana stocks to buy. Now when on this search for top companies it’s best to diversify your portfolio. Just like most forms of investment diversification is important when trying to see strong returns. The cannabis industry is relatively new and rapidly evolving, with varying regulations and legalities across different jurisdictions. Additionally, marijuana stocks can be highly volatile and subject to significant fluctuations in value.
Factors such as changes in regulations, market demand, competition, and company-specific risks can all impact the performance of marijuana stocks. That is why the more research you do the more confidence you have when determining which marijuana stocks are worth investing in. As well having up-to-date info and awareness of the cannabis industry as a whole is also important.
You want to have an understanding of risk verse reward and the path toward profitability. Currently, the cannabis sector has undergone a high level of volatile trading. To be fair the sector has always been volatile but things have increased over the years. Nevertheless, those who come into cannabis investing with a plan that allows for adapting to change stand a good chance of capitalizing on any potential gains. Below are a few marijuana stocks to watch this week.
Top Marijuana Stocks To Watch 2023
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. Recently the company announced it would be opening a RISE New Hope. This is the company’s 7th retail location in Minnesota set to be operational on April 17th.
Words From The Company
“As we continue to grow our footprint in Minnesota and other regions across the country, we remain committed to being good neighbors and supporting local organizations that are doing important work in our communities, such as Balanced Veterans Network,” said Dominic O’Brien, Senior Vice President of Revenue at Green Thumb. “We are excited to bring the RISE experience to New Hope and offer medical patients expanded access to safe, high-quality cannabis products, including RYTHM, our premium flower brand.
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Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. Recently the company announced it has opened its first outlet store in Illinois. The dispensary is Ascend’s ninth in the state of Illinois and twenty-seventh across its six-state footprint. The new dispensary will be open from 9 am to 9 pm and will offer adult-use cannabis products with seven point-of-
sale (POS) terminals, accepting both cash and cashless ATM terminals for debit cards. The store is Ascend’s first outlet store in the state offering everyday low pricing and ‘flower at a fraction’ of the price. The outlet joins Ascend’s four outlets across the portfolio in Grand Rapids, Michigan; Scranton, Pennsylvania; Wayne, Pennsylvania; and New Bedford, Massachusetts.
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Words From The Regional Vice President
“We are excited to be expanding our retail presence with the opening of our 27th dispensary and our fifth outlet store,” said Kathleen Olivastro, Regional Vice President of Retail Operations at Ascend Wellness Holdings. “Our Tinley Park store offers a convenient location and a great shopping experience for our customers to access a wide range of products and high-quality cannabis at everyday low prices.”
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