Top Marijuana Stocks To Watch In Todays Market
Marijuana stock investors are keeping a close eye on the sector. This year has the ability to be a big year for the cannabis industry. There has been a lot of attention surrounding the cannabis industry and investing. With the legalization of cannabis for medical in various regions around the world, more people are interested in cannabis investing. Which is mainly in marijuana stocks. Even in a volatile sector like cannabis, there is still potential to find financial opportunities.
Most publicly traded cannabis companies are involved in the production, distribution, and sale of cannabis products. These companies can be involved in various aspects of the cannabis industry, such as cultivation, manufacturing, distribution, or retail. Once you have this understanding the next step is doing your research on them and building a watchlist. The more you know about the company the better odds you have trying to find the best marijuana stocks to buy.
It’s important to note that investing in cannabis stocks can be risky. As the industry is still young and is subject to regulatory changes, supply chain challenges, and other perils. For example, the battle to establish federal cannabis reform which many feel will be the catalyst that brings better all-around trading for marijuana stocks. Below are a couple of cannabis stocks to watch as trading continues in 2023.
2 Marijuana Stocks For Your 2023 Portfolio
Glass House Brands Inc.
Glass House Brands Inc. cultivates, manufactures, retails, and distributes raw cannabis, cannabis oil, and cannabis consumer goods to wholesalers and consumer packaged goods retail stores. In recent news, the company will participate in the 35th annual Roth conference.
Which is to be held March 12-14th. Mr. Kazan and Mr. Farrar will meet with investors and participate in a fireside chat hosted by Scott Fortune, Senior Research Analyst at Roth MKM on Tuesday, March 14th, 2023 at 8:00 am PT.
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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. On March 9th the company reported its Q4 and full-year results.
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Fourth Quarter and Recent Highlights
Retail Updates
- Opened two new dispensaries in Florida during the fourth quarter and an additional two stores in the first quarter of 2023, bringing Ayr’s total footprint to 55 dispensaries across the state.
- Began adult-use sales alongside the Company’s established medical sales at Ayr’s Somerville, Massachusetts retail dispensary.
- Announced Ayr’s three retail locations in New Jersey, formerly known as Garden State Dispensary, are now operating under the AYR Dispensary brand.
Financing and Capital Structure
- The Company deployed $3.6 million of capital expenditures in Q4 and ended the year with a cash balance of $80.6 million.
- As of December 31, 2022, the Company had approximately 70.9 million fully diluted shares outstanding based on a treasury method calculation as of that date.
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