3 Marijuana Stocks To Buy For Better Trading In 2023?
Marijuana stock investors are trying to remain positive about the future of the industry. The publicly traded side of the cannabis sector is continuously facing volatility. Much of this has to do with the legal landscape that surrounds the cannabis industry. Many people do acknowledge that the industry has grown to see great success. Yet with a lack of federal reform and other regulatory concerns, it left some in doubt. This doubt is more so about the fear of all the progress that has occurred over the years for legal cannabis being shut down.
Now although anything is possible is highly unlikely this will happen. But with some having this issue it has created the dominant side of this volatile market. Still, even with this volatile action, the future of the industry in its entirety is what people are focusing on. With more than half of the United States having established a legal market, it would be tough to see the end of the promising industry. Especially with all of the tax revenue being generated in each legal state. Also in recent developments, a Democratic senator has refiled a bill that’s meant to lay the groundwork for federal marijuana legalization.
Sen. John Hickenlooper introduced a bill—titled Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act. Better known as the (PREPARE) Act. Not only did this help give investors confidence but once again news on federal reform triggered a recovery for most marijuana stocks. Below are several top marijuana stocks to watch in today’s cannabis sector.
Marijuana Stocks To Watch 2023
- Green Thumb Industries Inc. (OTC:GTBIF)
- Verano Holdings Corp. (OTC:VRNOF)
- Ayr Wellness Inc. (OTC:AYRWF)
Green Thumb Industries Inc.
In recent news, the company announced they will be opening a RISE dispensary in Las Vegas pn Crag. This makes for the company’s 84th retail location in the nation which is set to open August 2nd.
Words From The Company
“We are thrilled to open another RISE Dispensary in Las Vegas, a community that has welcomed us with open arms,” said Matt Navarro, Senior Vice President of Retail at Green Thumb. “We are proud to offer greater access to well-being through cannabis to more people in the area, while once again supporting Opportunity Village, an organization that shares our commitment to making a positive impact on the community.”
Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. Back on July 20th, the company announced the appointment of John Tipton and Charles Mueller to the Board of Directors.
Which is in conjunction with the retirement of Mike Smullen. Following Mike Smullen’s resignation from the Board on July 19, 2023, the Board approved a proposal to increase in size from four to five members, with Mr. Tipton and Mr. Mueller filling the two vacancies.
Words From The CEO
“We are pleased to welcome John and Charles as the newest members of the Verano Board of Directors and thank Mike for his years of service to the organization,” said George Archos, Verano Founder and Chief Executive Officer.
[Read More] 3 Marijuana Stocks For Your August Watchlist
Ayr Wellness Inc.
Ayr Wellness Inc. operates as a vertically-integrated cannabis multi-state operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names.
In more recent company news Ayr Wellness will be holding a second quarter 2023 conference call. This earnings call is set to take place on August 17th at 8:30 a.m. ET. AYR President & CEO David Goubert and CFO Brad Asher will host the conference call, followed by a question-and-answer period. The Company will provide its financial results in a press release prior to the call.
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