Top Marijuana Stocks To Know About In 2023
Most of the top marijuana stocks are still facing a fair amount of volatility. Much of this is due to a lack of federal rules and regulations which leads to uncertainty for investors. The thought of federal regulators coming in and possibly shutting the cannabis industry down is a real fear. From this idea, many people trade in a way that creates the volatility we have now. When positive news surfaces that have to deal with the industry moving forward it often results in a rise in trading.
Although most recoveries in the cannabis sector do not last long it’s a moment to take profits. With how most companies rise and fall so consistently any decline is seen as a window to find the best marijuana stocks to buy. Currently many are working to prepare themselves for the future of the sector. Especially with the reintroduction of the Safe Banking Act.
Many feel once some type of federal reform is made law it will help bring in consistent momentum. Historically when positive news on federal reform is made public the bulk of cannabis stocks see a nice upward rise in trading. So if you are looking for the top pot stocks below are a few companies to watch. Just make sure you do your research and build a game plan before you begin taking up positions.
Top Marijuana Stocks To Watch 2023
TerrAscend Corp.
TerrAscend Corp. cultivates, processes, and sells medical and adult-use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. On April 25th the company announced it has expanded its partnership with Cookies to bring top-shelf genetics to Maryland. The company has entered into a 5-year licensing agreement with international cannabis brand, Cookies, to cultivate and manufacture Cookies products in Maryland. 
The Agreement provides Maryland patients and future adult-use customers access to all of the Cookies’ current flavors. This includes Gary Payton, Cereal Milk, Georgia Pie, The Soap, Medellin, and Pancakes. Cookie strains and products are now available in Maryland in limited quantities at both Company-owned retail as well as third-party dispensary locations. The Company expects the full menu to begin appearing on dispensary shelves shortly.
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TPCO Holding Corp.
TPCO Holding Corp. cultivates, manufactures, distributes, whole sells, retails, and sells cannabis and cannabis products. In recent news, the company has announced it will report its Q1 2023 financial results on May 15th, 2023.
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The Company will host a conference call to discuss the results on, May 15, 2023, at 6:00 p.m. Eastern Time.
Since the end of March TPCO stock has started to see a slight rise in trading. Even with a volatile pattern this marijuana stock has been able to keep its upward rise going. Hopefully, this momentum continues for TPCO stock for the rest of the month.
