The Best Marijuana Stocks To Watch As Legislation Is Voted On
This week could be big for most marijuana stocks as legislation is soon to be voted on. During this week key senate members will vote on whether or not to pass the SAFE Banking Act. If this does become law it will be another big step in the right direction. The cannabis industry as a whole has come a long way. Yet cannabis is still federally illegal and this makes it tough for legal operating marijuana businesses.
Right now all cannabis businesses operate only cash. There is a workaround to this which is reverse ATM which is a grey area for the industry. Nevertheless, if positive news surfaces on the topic this could help marijuana stocks see a rise in trading. In fact, over the years the biggest catalsy has been news on federal reform. When people know there is a vote that passed or a bill being drafted it leads to a lot of speculation.
When investors feel the future of the sector will be promising they tend to search for marijuana stocks to buy. Seeing how many are focused on the future now more people are trying to find ways to invest. Especially as marijuana stocks continue to show volatile trading. This makes finding low entry levels better for investors on days when there is a decline. Below are several marijuana stocks to watch to start the week.
Top Marijuana Stocks To Watch Today
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Green Thumb Industries Inc. (OTC:GTBIF)
- Curaleaf Holdings, Inc. (OTC:CURLF)
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. On September 22nd the company opened a new medical cannabis dispensary in Evans, Georgia. The Evans dispensary will be Trulieve’s fifth in the state. The location is Trulieve’s first in northeast Georgia.
Words From The Company
Our focus in Georgia is not only providing medical cannabis for registered patients but also to help educate people about the potential benefits for their specific conditions,” said Trulieve’s Chief Executive Officer Kim Rivers. “We’re excited for the Evans location to serve as a venue for patient education and registration events as Georgia’s medical cannabis program continues to grow.”
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 a new board members.
Richard Reisin and Hannah (Buchan) Ross have been appointed to its Board of Directors (“the Board”) as independent members, effective September 20, 2023. Reisin will serve on the audit committee and Ross will serve on the audit and compensation committees of the Board. The appointments bring the Company’s Board of Directors to a total of nine members.
Words From The CEO
“We are thrilled to expand our Board and welcome Richard and Hannah to the team,” said Green Thumb Founder, Chairman, and Chief Executive Officer, Ben Kovler. “Richard has extensive experience in operations, legal, finance, and accounting, while Hannah brings deep expertise in branding, capital markets, investments, finance, and operations with a focus on the cannabis industry.”
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates 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.
Recently the company announced it has expanded its brand portfolio with the launch of Zero Proof cannabis infused drinkables. The brand’s inaugural product offering, Squeeze, is now available at all Curaleaf locations in Illinois and will be followed by additional SKUs in the coming months. Zero Proof Squeeze follows Select’s popular THC-infused beverage enhancer, Select Squeeze, originally launched in March 2021.
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