Marijuana Stocks To Buy Before The Bell
The start of the new year has been good for marijuana stocks so far. There has been more upward consistency that has allowed shareholders to see good returns. As we move deeper into 2023 there are several things to watch for. Companies are soon to report earnings which could be a means for the sector to continue its upward trading. Also, the progress of the cannabis industry on a legislative level is also a means for concern. Currently, cannabis is still federally illegal in the USA although states have the legal right to legalize cannabis.
From this, there has been legal US markets have been booming. However, due to federal restrictions, most of these businesses operate in cash. With federal reform in place, this can change everything for the overall cannabis industry. If there were no federal restrictions in place not only could different ventures happen but banking would not be an issue. Right now there are several pieces of federal reform that may become law in 2023. There is one to end cannabis prohibition and another one to allow for cannabis banking.
Many feel that to end cannabis prohibtion a banking law will have to pass first. This is mainly due to the high amount of revenue that the industry is making and nowhere properly keep it. As well many feel that positive progression for any of these federal bills will be a catalyst to see a possible run for marijuana stocks. So if you are looking for marijuana stocks to buy in 2023 now is the time to start your search. The companies below are a few marijuana stocks to watch right now.
Marijuana Stocks To Watch Today
- GrowGeneration Corp. (NASDAQ:GRWG)
- The Scotts Miracle-Gro Company (NYSE:SMG)
GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries owns and operates retail hydroponic and organic gardening stores in the United States. In recent news, the company announced the hiring of Aaron Hook as vice president of sales. Mr. Hook will be responsible for driving revenue growth and directing organizational strategy.
As well as implementation, and execution of sales programs across all channels. Previously, Mr. Hook held leadership positions at Sunlight Supply and, most recently, Hawthorne, a business segment of The Scott’s Miracle-Gro Company. He will report directly to Michael Salaman, Co-Founder and President of GrowGen.
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The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company is involved in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. 
It operates through three segments: U.S. Consumer, Hawthorne, and Other. On January 9th the company welcomed applications for the 2023 GroMoreGood grant.
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Words From The Company
“2023 marks KidsGardening’s 41st year and our second decade working alongside The Scotts Miracle-Gro Foundation. Yet, now more than ever, kids and their communities need gardens and greenspaces,” said Em Shipman, executive director of KidsGardening. Many people are still experiencing the effects of the pandemic, be it financially, physically or emotionally.”
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