The Best Marijuana Stocks 2023?
Most marijuana stock investors are keeping their eyes open for any positive change in the market. Meaning if this week there happens to be a rise in trading hopefully investors will be quick enough to take profits. Over the last year, the volatile action in the market has created more caution. Yes, the cannabis sector is unpredictable as a whole mainly due to the lack of federal reform. Some investors believe that when cannabis is no longer federally illegal it will lead to better all-round trading.
This is because, without fear of federal repercussions, the cannabis industry will virtually have no more legal boundaries. Once the eventual passing of federal reform takes place the level of volatile trading stands a good chance of subsiding. The current up-and-down trading behavior has been bittersweet for some. With volatile patterns, it can help bring the sector down to find top marijuana stocks to buy at lower entry points.
But when you already have a good position and the price drops further it can be frustrating. Nevertheless, over the last year, a fair amount of cannabis stock investors have adjusted their trading style. By adopting to how the cannabis sector performs has led to some shareholders seeing better returns. So if you want to invest in marijuana stocks make sure you build a game plan and do your research. The companies mentioned below are a few marijuana stocks to watch in 2023.
Marijuana Stocks For Your Watchlist
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. It produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles.
In recent news, the company closes on the acquisition of high performing dispensary in Maryland. The acquisition complements TerrAscend’s fully operational, state-of-the-art 150,000-square-foot cultivation and processing facility. It also expands the Company’s retail footprint to 32 dispensaries nationwide.
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Words From The Company
“Our Maryland strategy is coming together nicely,” said Jason Wild, Executive Chairman of TerrAscend. “When we entered the state, we planned to significantly expand our cultivation and manufacturing capacity, in addition to vertically integrating.
Cansortium Inc. through its subsidiaries produces and sells medical cannabis in the United States. The company’s medical cannabis products are offered in oral drops, capsules, topicals, syringes, dried flower, pre-rolls, cartridges, and edibles under the Fluent brand name.
During the 3rd week of January, the company opened its 29th medical cannabis dispensary in Pensacola Florida. With this store, it makes for Cansortium’s 32nd retail location nationwide, along with plans to open three additional store locations in Florida in the first half of 2023.
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Words From The Director Of Sales
“Our new Pensacola store, located on a major thoroughfare in the city, not only broadens patients’ access to high-quality flower and medical cannabis products but also delivers a first-class retail experience to customers and expands the number of Floridians we employ to more than 540,” said Fluent Cannabis Care Director of Sales Victor Bindi.
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