The Best 3 Marijuana Stocks Investors Keep On Their Watchlist
Before diving into the investment side of the cannabis industry, it is crucial to understand and recognize the risks. One important concern is the issues with regulations. Particularly those associated with federal reform and getting cannabis federally rescheduled. As laws and regulations surrounding cannabis are still developing, investors are closely watching various marijuana stocks. Additionally, the cannabis sector is known for its volatility. Much of this is caused by shifting consumer preferences, disruptions in the supply chain, and market dynamics. Investors should be prepared for price fluctuations and uncertainties within the industry.
Finding the most promising marijuana stocks to buy requires thorough research and analysis. People should look at things like the company’s track record, financial stability, growth trajectory, and industry reputation. It is also important to evaluate market demand and evaluate a company’s competitive advantage. As well as any special offerings, and innovative solutions. Strategic partnerships with top cannabis businesses and a diverse customer base can further indicate market acceptance and growth potential.
The better companies do outside of the market can have a direct impact on how many marijuana stocks perform. Right now with how volatile the sector is investors see cannabis investing as a long-term game. That is unless there is a volatile recovery in which that would be a moment to take some profits. Still, investors are keeping watch on any new progressions that may sway how the cannabis sector trades. Below are several marijuana stocks to watch in 2023.
Marijuana Stocks To Watch Right Now 2023
- Green Thumb Industries Inc. (OTC:GTBIF)
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Curaleaf Holdings, Inc. (OTC:CURLF)
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 began the sale of adult-use cannabis at 4 Maryland locations on July 1st. Adult-Use Cannabis Sales to Begin at 8 a.m. ET on July 1st at RISE Dispensaries in Hagerstown, Joppa, Silver Spring, and Bethesda.
Words From The Company
“It is truly an honor to celebrate this milestone alongside the people of Maryland and witness the end of Prohibition 2.0 as the 20th state in the country launches adult-use cannabis sales,” said Green Thumb Founder, Chairman, and Chief Executive Officer Ben Kovler. “We believe cannabis promotes positivity, and we are proud to provide access to high-quality cannabis products like RYTHM and Dogwalkers to more people who say ‘yes’ to well-being.”
Trulieve Cannabis Corp.
Trulieve Cannabis Corp. together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida.
As well as through home delivery. Recently the company celebrated its Maryland recreational launch with its first online order.
Words From CEO Kim Rivers
“We are thrilled to launch recreational sales and see Marylanders immediately taking advantage of the freedom to use cannabis for personal consumption,” said Trulieve’s Chief Executive Officer Kim Rivers. “We appreciate all the support, particularly from our medical patients who have been with us since we entered the state in 2017, and have a great celebration lined up where we look forward to serving adult use customers across the state.”
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates as a cannabis operator in the United States. It operates through Domestic Operations and International Operations segments. The company engages in the cultivation, production, and sale of cannabis products through retail and wholesale channels.
On June 29th the company celebrated the start of recreational cannabis sales in Maryland. All four Curaleaf dispensaries in Maryland started recreational sales on July 1st.
Words From The CEO
“Over the past few years it has been incredible to witness the continued expansion of legalization across the East Coast,” said Matt Darin, CEO of Curaleaf. “We’re proud to be a part of this historic day in Maryland and serve the growing community of cannabis consumers across the region.”
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