3 Marijuana Stocks For Your September Watchlist 2023
Marijuana stocks could be next to see stronger momentum in the stock market. The level of volatile trading that has been occurring over the last year or so has hurt the confidence of investors. The fear is without any federal reform in place that regulations have the ability to halt the industry. However, with the amount of success the cannabis industry has seen it is doubtful that will happen. Nevertheless, the thoughts on investing in cannabis stocks have turned into a long-term game.
With more to be done in the industry, many feel the future is where the big gains will happen. Once there is less fear about federal regulators we stand a good chance of seeing less volatility. If the volatile trading begins to decrease we will see the possibility of the sector rising as a whole. Now just with this in mind, many looking for the best marijuana stocks to buy. But even with an optimistic outlook, you must always do your research before investing.
The more due diligence you do the more confidence you will have when investing. As well as create a game plan that allows you the best odds of making a return at some point. No one wants to hold their position forever if it’s not trading up. That is why having a solid portfolio and thought-out strategy can help you see profits when investing. The companies below are some top marijuana stocks to watch heading into next month.
Top Marijuana Stocks To Watch Today
- Curaleaf Holdings, Inc. (OTC:CURLF)
- Verano Holdings Corp. (OTC:VRNOF)
- Charlotte’s Web Holdings, Inc. (OTC:CWBHF)
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. 
In recent news, the company celebrated the launch of adult-use sales at the Manchester CT dispensary. Curaleaf Manchester is the Company’s fourth dispensary in Connecticut to commence adult-use sales.
Words From The Company
“Curaleaf is proud to welcome adult-use consumers at each of our locations in Stamford, Hartford, Groton, and now, Manchester,” said Matt Darin, CEO of Curaleaf. “Connecticut has developed a robust adult use marketplace that continues to innovate and contribute to the larger adult use marketplace across the country.”
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Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis across the United States. 
The company has announced its Q2 2023 financial results.
Q2 2023 Highlights And Key Mentions
- Revenue of $234 million increased 5% year-over-year and increased 3% versus the prior quarter.
- Gross profit of $115 million or 49% of revenue.
- SG&A expense of $85 million or 36% of revenue.
- Net loss of $(13) million.
- Adjusted EBITDA2 of $72 million or 31% of revenue.
- Cash flow from operations of $24 million for the quarter.
- Capital expenditures of $8 million for the quarter.
- Free Cash Flow1 of $16 million for the quarter.
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Charlotte’s Web Holdings, Inc.
Charlotte’s Web Holdings, Inc. is involved in the farming, manufacture, marketing, and sale of hemp-derived cannabidiol (CBD) wellness products. 
Back on August 10th, the company released its Q2 2023 financial results.
2023 Second Quarter Key Mentions
- Encouraging CBD regulatory progress in Congress
- Net revenue of $16.0M vs. $18.9M YoY
- Cash increased to $61.7M
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