The Best 3 Marijuana Stocks For Short and Long-Term Investing?

Marijuana stocks saw a nice rise in trading this week. This was caused by news regarding the reintroduction of a cannabis banking bill. Currently, cannabis is still federally illegal in the United States. Even though more than half of America has legalized cannabis in some form. The entire cannabis industry essentially operates in cash making things a bit dangerous for legal operators. Also if this bill does become law it will be the first official passing of true comprehensive reform.

It would also put more pressure on rescheduling or legalizing cannabis federally. Without any federal reform in place, it has led to an increase in volatility. In addition, investors feel a bit more cautious about investing. Still with things still evolving now could be a good time to find marijuana stocks to buy. Especially before any passing of federal reform. Many who are interested in pot stocks are working on better investing strategies.

As well as preparing themselves for future trading which comes from taking advantage of any pullback or chances to make good investments. You should also spend time building a watchlist and doing thorough due diligence on them. The more you know about a company both in and out of the market the better odds at seeing stronger returns. Below are several marijuana stocks to watch right now in the stock market today.

Top Marijuana Stocks To Watch Today

  1. GrowGeneration Corp. (NASDAQ:GRWG)
  2. Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)
  3. Agrify Corporation (NASDAQ:AGFY)

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 scheduled its Q1 2023 earnings release and conference call for May 9th. In other company news, GrowGen acquired a store in Jackson Michigan. GRWG

Words From The Company

Darren Lampert, Co-Founder, and Chief Executive Officer of GrowGen, said, “We are excited to expand our retail footprint in Michigan with this strategic transaction which represents our eighth location in the state. Mighty Grow has successfully served the broader Jackson growing market for over 10 years by focusing on customer service and offering high-quality supplies to its customers. We look forward to continuing this location’s strong legacy and providing the same caliber of service and product offerings to the local and surrounding growing markets.”

[Read More] 3 Marijuana Stocks You Should Know In 2023

Hydrofarm Holdings Group, Inc.

Hydrofarm Holdings Group, Inc. together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. hyfm

On April 26th the company announced it will release its first quarter 2023 results on May 10th. A press release containing first quarter 2023 results will be issued after the market close that same day.

[Read More] Looking For Marijuana Stocks To Buy Before May?3 To Watch Under $2

Agrify Corporation

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. Recently the company announced the termination of the warrant inducement transaction. If completed, it would have resulted in gross proceeds of up to $1.84 million.

Plus the issuance of approximately 21.3 million new warrants to exercising warrant holders. Agrify determined that the transaction would not be in the best interests of its stockholders. This is due, in part, to limitations on Agrify’s ability to use its shelf registration statement.

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