Top Marijuana Stocks In The Stock Market This Month
Marijuana stocks are stocks of publicly traded companies that are involved in the cannabis industry. However, it’s important to note that the cannabis industry is still relatively new and evolving, and investing in marijuana stocks can be associated with higher risks due to various factors. For example regulatory challenges, legal battles, and market volatility.
Right now all of the above are playing a factor in how people invest and trade top marijuana stocks. Meaning with how much volatile trading there is has led to a bit more caution when investing. When volatility hits the sector it can create positive and negative changes without warning. So in one moment, your stock could be up and the next it could be down drastically. Still, with volatility, there are ways to use it to find the best marijuana stocks to buy at lower entry points.
With fears concerning federal reform, it makes people feel unsafe even with States and other regions being able to set their own legal markets. The thought of federal regulators being able to come in at any point and stop the industry is concerning. Although highly unlikely with how far things have come it’s still a fear. Nonetheless, it’s a risk that many are still willing to take. Just make sure you learn about the sector and the companies you feel are worth investing in. The companies below are a few marijuana stocks to watch for the rest of the month.
Marijuana Stocks To Watch 2023
- GrowGeneration Corp. (NASDAQ:GRWG)
- TPCO Holding Corp. (OTC:GRAMF)
GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. 
In recent news, the company has acquired a store in Bozeman Montana adding its 17th to its state. As a part of the transaction, GrowGen also took over the existing store location at 1602 W. Beall St. Bozeman, MT.
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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.”
TPCO Holding Corp.
TPCO Holding Corp. cultivates, manufactures, distributes, whole sells, retails, and sells cannabis and cannabis products. On March 31st the company reported its preliminary fourth quarter and full 2022 year financial results. 
Q4 and FY 2022 Financial Highlights
- Q4 and FY 2022 net sales from continuing operations were $20.0 million and $83.6 million respectively.
- Gross profit from continuing operations was $6.7 million, or 33% of net sales in for Q4 2022 and $26 million, or 31% of net sales in FY 2022.
- Q4 2022 net loss from continuing operations was $41.0 million and a FY 2022 net loss of $237.7 million.
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- Adjusted EBITDA loss from continuing operations was $14.4 million in Q4 2022 and $71.8 million in FY 2022, respectively.
- Cash and cash equivalents totaled $93.7 million as of December 31, 2022
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