Top Marijuana Stocks To Buy In The Cannabis Sector?
When looking for the best marijuana stocks to buy it’s always important to update yourself on what’s current. For example, you want to make sure you keep up with what is going on in the cannabis sector. The cannabis industry is still young and growing so changes are bound to happen. When changes are made in the industry there is potential to see a change in how some marijuana stocks perform.
Nevertheless, even with changes, there are still chances to make good investments. Much of which begins with a strategy and thorough due diligence. A majority of the cannabis sector trades with a high level of volatility. What this means is marijuana stocks can either rise or fall without warning. This alone has brought on more fear and caution toward the future of cannabis investing. Yet many feel this fear will begin to subside once some type of federal reform is implemented.
With how fast and profitable much of the global cannabis industry is becoming it’s doubtful that even with no federal reform federal regulators will step in and shut the industry down. For now, the show must go on as many companies are producing great products and putting together various ventures. The future of cannabis investing looks promising for those who are willing to take a risk and remain optimistic. Below are several marijuana stocks to watch as more people look to cannabis investing as a way to turn a profit.
Marijuana Stocks To Watch 2023
- Ascend Wellness Holdings, Inc. (OTC:AAWH)
- Verano Holdings Corp. (OTC:VRNOF)
- Columbia Care Inc. (OTC:CCHWF)
Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. Recently the company announced it has opened its first outlet store in Illinois. The dispensary is Ascend’s ninth in the state of Illinois and twenty-seventh across its six-state footprint. The new dispensary will be open from 9 am to 9 pm and will offer adult-use cannabis products with seven point-of-
sale (POS) terminals, accepting both cash and cashless ATM terminals for debit cards. The store is Ascend’s first outlet store in the state offering everyday low pricing and ‘flower at a fraction’ of the price. The outlet joins Ascend’s four outlets across the portfolio in Grand Rapids, Michigan; Scranton, Pennsylvania; Wayne, Pennsylvania; and New Bedford, Massachusetts.
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Words From The Regional Vice President
“We are excited to be expanding our retail presence with the opening of our 27th dispensary and our fifth outlet store,” said Kathleen Olivastro, Regional Vice President of Retail Operations at Ascend Wellness Holdings. “Our Tinley Park store offers a convenient location and a great shopping experience for our customers to access a wide range of products and high-quality cannabis at everyday low prices.”
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis across the United States. In one of the more recent news releases, the company opened Zen Leaf Buckhannon.
This makes for the company’s 5th West Virginia dispensary. As well as the 126th retail location nationwide. Zen Leaf Buckhannon is the first medical cannabis dispensary in Buckhannon and Upshur County, an area with a population of over 23,0002.
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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 April 20th Columbia Care launched a new collaboration with a minority-owned edible company, ButACake.
The initial launch includes Peanut Butter & Jelly brownies as well as ChocoChunk and Oatmeal Raisin cookies. The relationship will expand to additional markets, pending regulatory approvals.
Words From The VP Of Operations
“This is an amazing opportunity to bring a unique product to our patients, as we know that edibles are becoming a more popular way to consume cannabis discretely, giving our patients more control around dosing, and as an alternative to smoking. Our goal is to provide these options to our patients who have a wide variety of needs and preferences. We know that our collaboration with ButACake will be wildly popular with our patients, especially because Matha Figaro and her team at ButACake bake the most delicious cookies with the most unique flavors. We can’t wait to see this partnership grow,”
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