3 Top Marijuana Stocks To Buy August 2023
In today’s cannabis sector finding the top marijuana stocks to buy can be tricky. The reason is due to how volatile and unpredictable the sector can be. Still with proper planning and a throughout strategy the odds of mitigating risk and maximizing returns is possible. Especially knowing that the sector is inconsistent with its trading patterns. Most marijuana stocks will react differently to various catalysts. For example, when a company releases news about a new venture or product it can trigger a rise.
Yet at times even with positive news, it does not resonate well with how the company trades. Still, by researching and keeping watch on the company’s market behavior, you have a better chance of catching a bounce. However, the time most marijuana stocks hold their recovery is still a short window. This is why you need to be quick and aware of what is going on. But with all of this considered many more people are looking at marijuana stocks as a long-term investment.
Investors feel there will be more confidence when there is established federal reform. Legislators have been hard at work trying to reschedule cannabis. In addition to creating cannabis banking laws that work in favor the legal businesses. So with this in mind the potential to see better trading in the future is possible. Below are several marijuana stocks to watch during this month.
Cannabis Investing Top Marijuana Stocks
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Green Thumb Industries Inc. (OTC:GTBIF)
- 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. Recently the company announced it will be opening a medical cannabis dispensary in Sanford Florida. This new location was set to open on July 22nd and is now operational.
Words From The CEO
“We consistently seek opportunities to better serve medical cannabis patients beyond our convenient locations, great customer service, and the broad selection of top-quality products,” said Trulieve’s Chief Executive Officer Kim Rivers. “One of those opportunities is education and we are also making complimentary Elevate Your Knowledge classes available to the Sanford community to advance cannabis health and wellness education.”
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. Recently the company announced it will hold a conference call to discuss its Q2 2023 earnings.
This call is set for Tuesday, August 8, 2023. In other recent news, the company has also initiated the launch of adult sales at 4 of its Maryland locations. This took place back at the start of the month on July 1st.
Words From The Company July 1st
“It is truly an honor to celebrate this milestone alongside the people of Maryland and witness the end of Prohibition 2.
Cresco Labs Inc.
Cresco Labs Inc. together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. On July 20th the company announced the expansion of a partnership with Khalifa Kush.
This venture is to exclusively cultivate, manufacture and distribute the cannabis brand’s premium products in Massachusetts.
[Read More] 3 Top Marijuana Stocks To Buy In 2023?
Words From The Company
“We’re thrilled to continue collaborating with the Khalifa Kush brand in the Massachusetts market after a successful partnership launch with them in California that has grown to include new, bestselling products,” said Charlie Bachtell, CEO and Co-founder of Cresco Labs.
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