The Best Way To Invest In Marijuana Stocks 2023
Over the last several years marijuana stocks have garnered significant attention and interest from investors. Much of which is due to the growing legalization and decriminalization of cannabis in various regions. When it comes to marijuana stocks they often fall into two categories: cannabis producers and ancillary companies. Cannabis producers are involved in the cultivation and production of marijuana for medical or recreational use.
Ancillary companies provide products and services to support the cannabis industry. However, investing in cannabis stocks comes with inherent risks. The regulatory environment for cannabis can vary widely, with changes in laws and political climate impacting the industry’s performance. The market for cannabis stocks can also be highly volatile, leading to substantial gains or losses. Moreover, the financial viability of some cannabis companies may be questionable, and the industry faces competition and potential market saturation.
Federal legalization and banking restrictions in some areas also pose challenges. As with any investment, it is essential for investors to carefully assess their risk tolerance, and conduct thorough research. The more you know about a company the more prepared you will be when looking for marijuana stocks to buy. Having a strategy as well can help limit risk and losses and maximize the chance to see better returns. The companies below are several marijuana stocks to watch for better trading.
Top Marijuana Stocks 2023
- GrowGeneration Corp. (NASDAQ:GRWG)
- Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)
- Agrify Corporation (NASDAQ:AGFY)
GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. 
On July 25th the company announced it has scheduled a second quarter 2023 earnings conference call on August 8th. The announcement will be followed by a live earnings conference call at 4:30 p.m. EDT.
Hydrofarm Holdings Group, Inc.
Hydrofarm Holdings Group, Inc. together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. 
In recent news, the company will be releasing its second quarter in 2023. The earnings are set to be announced on August 9th, 2023. A press release containing second quarter 2023 results will be issued after market close that same day.
Agrify Corporation
Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. In the company’s most recent news, it announced a 1-for-20 reverse stock split. The 1-for-20 reverse stock split will automatically convert 20 current shares of Agrify’s common stock into one new share of common stock. No fractional shares will be issued in connection with the reverse stock split. 
Stockholders who would otherwise hold a fractional share of Agrify’s common stock will receive a whole share in lieu thereof. The reverse stock split will reduce the number of shares of outstanding common stock from approximately 32,458,929 shares to approximately 1,622,947 shares.
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The reverse stock split is intended to increase the per-share trading price of the Company’s common stock. Which is to enable the Company to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
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