Best Marijuana Stocks For 2023 Gains

Cannabis Investors Are Watching These Marijuana Stocks

Marijuana stock investors are keeping their attention to what will take place this new year. As 2024 quickly approaches many are working toward preparing themselves for what’s to come. A new year soon to begin means more opportunities to be had. For example, a new year is another chance to pass federal reform. Many feel this will be the year it passes as some of the more optimistic investors keep hopes high. The biggest catalyst for some years now has been the progress and battle with federal reform.

Currently, cannabis is still federally illegal even with over half of the US having established legal markets. Recently there was another attempt to pass the SAFE Banking Act but once again it failed to pass. Nevertheless, legal cannabis is on the rise even in a volatile sector. What many feel would decrease volatility and increase momentum is federal reform and regulation that work in favor of the industry.

From this, it has created more unpredictable trading patterns for marijuana stocks. But with high hopes for the future preparation is key and that is why many are looking for the best marijuana stocks to buy. The name of the name of the game for any investment is to buy and sell high. Mentioned below are several companies to look into when searching for marijuana stocks to watch. Just remember to create a game plan and do your due diligence beforehand.

Marijuana Stocks To Watch Today

  1. Trulieve Cannabis Corp. (OTC:TCNNF)
  2. Green Thumb Industries Inc. (OTC:GTBIF)
  3. Cresco Labs Inc. (OTC:CRLBF)

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. marijuana stocks to watch trulieve (TRUL) (TCNNF)

In recent news, the company has announced it has opened yet another dispensary located in Marianna, Florida. On October 28, Trulieve will host a grand opening celebration beginning at 9 a.m. featuring partner giveaways, music, specials, discounts, and opportunities to register for upcoming patient education sessions.

Words From The Company

“We are constantly looking for new ways to engage with customers and expand access to cannabis,” said Trulieve’s Chief Executive Officer Kim Rivers. “This new location makes it easier for patients in the Marianna community to enjoy our superior customer service and top-quality products.”

[Read More] Watchlist Alert: Best Cannabis ETFs for the Final Quarter of 2023

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. On October 25th the company opened a RISE dispensary in Sun City Center, Florida. The opening happened on October 27th which expanded its presence to 10 locations in the state of Florida. GTBIF

RISE Dispensary Sun City Center will welcome patients with a grand opening celebration on November 14th, where profits from the day will be donated to Minorities for Medical Marijuana. The event will include a ribbon-cutting ceremony with representatives from the South Hillsborough Chamber of Commerce.

[Read More] Cannabis Industry News For Marijuana Stock Investors

Words From The Company

“As we near five years of caring for medical cannabis patients in Florida, we are excited to expand our presence to ten locations in the state with the opening of RISE Sun City Center,” said Green Thumb President Anthony Georgiadis.”

Cresco Labs Inc.

Cresco Labs Inc. together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. Recently the company announced it has obtained $32 million in nondilutive capital. Cresco Labs

Cresco has closed the sale of its sole licensed Arizona operation (“Encanto”) to an affiliate of Mint Cannabis for an aggregate purchase price of $6.5 million in cash. In addition, the Company has closed on a conventional mortgage on its Ellenville, NY properties for a principal amount of up to $25.3 million with an interest rate of 8.43%.

Words From The CEO

“We are pleased to announce the closing of the sale of our remaining Arizona asset. As we have highlighted over the past several quarters, we are focused on strengthening our operations and increasing profitability by leaning into our Core – core markets, core stores, core brands, and core products. Our exit from Arizona aligns with our strategy of optimizing our portfolio by prioritizing assets with a greater path to scale,” said Charles Bachtell, CEO of Cresco Labs.

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 |
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like