Investing In Marijuana Stocks 2023? Here Are 2 To Watch
Right now marijuana stocks are still facing a slight amount of pullback. Much of this is due to a lack of movement outside of the market from various companies. Meaning although operations are in motion there has not been a big news catalyst. This can also lead to unpredictable trading hence seeing more volatility. Investors find more comfort when there is consistency not just in trading but with a company. When a company can release news updates that show continued progress it helps impact how the company may trade.
The better the news such as business ventures or positive earnings people find more confidence in investing in marijuana stocks. No matter the sector all stocks have a time when they fall even if it’s a minimal drop. Still, this is seen as a chance to find marijuana stocks to buy. Yet before any buying is done it is always best to research the cannabis stocks you feel hold the most value.
Currently, cannabis is still federally illegal so there are some ventures that could push the cannabis industry even further ahead. Nevertheless, in 2023 there is a good chance we see federal reform finally pass in the United States. The companies below are a few marijuana stocks to watch as trading continues this month.
Marijuana Stocks To Watch Now
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. On February 6th the company congratulated The Weldon Project and Mission [Green] on the release of medical cannabis prisoner Luke Scarmazzo. Luke had an incredible attorney and passionate advocates fighting for him.
All of which were instrumental in getting the judge to grant the motion. Immediately upon Luke’s release, he was able to return home to his family in Modesto, California. He came home with logistical and financial assistance from Mission Green and Glass House Brands.
Words From The Company
Co-Founder, Chairman, and CEO of Glass House Brands, Kyle Kazan who is also a Mission [Green] Board Member stated, “This is truly a joyous and long overdue day for Luke and his family and also for Weldon who had made getting Luke released a personal mission. The next step is to help Luke restart his life and I’m hopeful that he’ll be able to join us in the cannabis industry and of course in advocating for President Biden to pardon the approximately 2,700 cannabis prisoners who are currently incarcerated.”
[Read More] 3 Top Marijuana Stocks To Watch In Todays Market
Columbia Care Inc.
Columbia Care Inc. cultivates, manufactures, and provides cannabis products and related services. It offers flowers, edibles, oils, and tablets under the Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber, and Platinum Label CBD brands. 
In recent news, the company announced the opening of its 8th dispensary in Virginia. This is the Company’s eighth dispensary in the state, and 84th active dispensary nationwide.
[Read More] Top Marijuana Stocks To Watch This Week
Words From The VP Of Operations
“As Virginians continue to normalize cannabis across the Commonwealth, we are thrilled to bring them another location where they can access their medicine,” said Phil Goldberg, VP, Operations, Columbia Care. “We are grateful to the Board of Pharmacy and our new neighbors who have graciously welcomed us to the Colonial Heights community.”
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