Top Marijuana Stocks To Make Profit In The Market?
Marijuana stocks recently saw another rise in trading on May 4th. This bounce in trading came when positive news on the SAFE Banking Act was released. Right now there is a continued push to establish some type of federal reform for the cannabis industry. Currently, more than half of the United States and other global regions have legalized cannabis. Still, the fight to federally legalize cannabis or reschedule it in the US has been a tough battle.
Many feel that once federal reform is passed that it will allow the industry to reach its full potential. A lot of ventures and projects have been put on hold due to the lack of comprehensive reform. Some feel without federal reform there is a possibility of having regulators come in a shut the industry down. Yet this is doubtful due to how far the industry has come and the political figures involved.
Nonetheless, the future of the cannabis industry and marijuana stocks overall are places where growth is inevitable. More and more people every day are searching for ways to get invested and take advantage of an emerging industry. Most of the sector is still volatile which can help people find the best marijuana stocks to buy. Just make sure you do your research and have a game plan before executing any trades. Below are several marijuana stocks to watch in the stock market today.
Top Marijuana Stocks 2023
Columbia Care Inc.
Columbia Care Inc. engages in the cultivation, manufacture, and provision of cannabis products and related services in the United States and internationally. On May 2nd the company announced it will report its Q1 2023 earnings on May 15th.
Following the release of financial results, Company management will conduct a conference call at 8:00 a.m. EST to discuss financial and operating results for the first quarter of 2023.
Lowell Farms Inc.
Lowell Farms Inc. engages in the cultivation, extraction, manufacturing, sale, marketing, and distribution of cannabis products to retail dispensaries in California. Recently the company has announced it will release its first quarter 2023 financial and operational results after the market closes on May 11.
Following the release, Lowell Farms will host an earnings call with management on Thursday, May 11, at 5:30 p.m. In which they will address these recent financial and operational results.
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MariMed Inc. engages in the cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. In recent news, the company announced the opening of Panacea Wellness dispensary in Beverly, Massachusetts. This marks the company’s third operational dispensary in the state and the tenth dispensary that MariMed owns or manages across four states.
The dispensary is located at 13 Enon Street in Beverly, a densely populated city located north of Boston. This opening significantly deepens MariMed’s presence in the Boston area.
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In March 2023, the Company re-branded and began operating Panacea Wellness Dispensary in Quincy, another highly populated city located south of Boston. The Company also operates its original Panacea Wellness Dispensary in Middleboro, a city located south of Quincy, en route to Cape Cod.
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