Top Marijuana Stocks In 2023 Worth Buying Or Selling?
Marijuana stocks have started this new year with some good momentum. Heading into the second week of January there is a good amount of speculation. Shareholders are trying to keep a positive attitude toward the future of the cannabis sector. This past week marijuana stocks saw a volatile rise in trading. So if you were holding a position back in mid-December this week would have been a good time to take profits. Some companies are preparing to report earnings once more.
As well companies are working on getting new products and dispensaries ready for consumers. Plus cultivation facilities and other ventures. Much of which if executed correctly and successfully could have a positive impact on how marijuana stocks to trade. During 2023 there will be several possible catalysts that should create better trading for the cannabis sector. Some are mentioned above and the others are regarding state and federal legislation.
More legal markets are being created through the legalization of cannabis in America. However, marijuana is still federally illegal and this alone has been one of the biggest roadblocks for the cannabis industry. The cannabis industry operates solely on cash and reverses ATMs due to banks not being able to take legal cannabis money. But if we can pass some type of federal reform it would change the landscape for the better and make things smoother for the entire industry.
Marijuana Stocks To Watch 2023
- Greenlane Holdings, Inc. (NASDAQ:GNLN)
- Green Thumb Industries Inc.(OTC:GTBIF)
- GrowGeneration Corp. (NASDAQ:GRWG)
Greenlane Holdings, Inc.
Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. In recent news, the company announced changes to its board of directors.
Nick Kovacevich, Adam Schoenfeld, and Richard Taney will step down from the company’s Board of Directors. So Craig Snyder, incoming CEO, will join the company’s Board of Directors effective January 6, 2023. The reduction of the Board to five members reaffirms the board’s commitment to improving economics.
Words From The Chairman Of The Board
“To become more efficient and decisive, we are making changes to the makeup of the Board of Directors to support our transition to a higher margin, leaner, and more focused consumer business. Reducing the board to five directors will give Greenlane more flexibility and speed as we undertake significant, positive changes to the business in 2023, while also reducing cash expenses associated with a larger board,” stated Donald Hunter, Chairman of the Board.
Green Thumb Industries Inc.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult use in the United States. In recent news, the company announced the expansion of its executive leadership team. The company has appointed four executive leadership positions and one new board member.
The leadership promotions include Anthony Georgiadis to President and Matt Faulkner to Chief Financial Officer. As well as Bret Kravitz to General Counsel and Secretary. Plus the appointments of Rachel Albert to Chief Administrative Officer and Dawn Wilson Barnes to the Company’s board of directors. These appointments will be effective January 1, 2023.
Words From The CEO
“These changes reflect the natural evolution of high-performing team members to positions of greater responsibility and demonstrate our conviction in the strength of our leadership,” said Green Thumb Founder, Chairman, and Chief Executive Officer Ben Kovle
[Read More] 3 Marijuana Stocks To Buy This Thursday?
GrowGeneration Corp. through its subsidiaries owns and operates retail hydroponic and organic gardening stores in the United States. Recently the company announced it will be participating in the 25th annual ICR conference.
The 25th Annual ICR Conference is to be held January 9-11, 2023, at the Grande Lakes Orlando, in Orlando, Florida. Darren Lampert, Chief Executive Officer, will participate in an in-person fireside chat on Tuesday, January 10, 2023, at 11:30 a.m. Eastern Time.
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