2 Marijuana Stocks To Watch In Todays Stock Market
Finding top marijuana stocks to buy in today’s cannabis sector is easy. To further explain the current downtrend that the sector is facing is creating more buying opportunities. Right now many who invest in legal cannabis have 2 sides to it with the same end goal and that is to make money. Yet one said is being patient and reloading positions when there is a red day in preparation for when there is a recovery. The other half of the people are concerned and frustrated with how volatile the sector has become.
This lack of upward trading has ruined the confidence of some and has created a tough road with marijuana stocks. However, the cannabis industry as a whole is thriving and growing day by day. So with all the progress and gains being made out of the stock market hows does this success transcend into the market? At the moment its answer not many have and the only catalyst that has moved any stocks has been news on federal reform. Not even when companies report strong and profitable financials does the market recover like it once did?
At the moment the ongoing battle to establish federal reform is what is keeping marijuana stocks in the game. For instance, when recent news on the SAFE Banking Act was released most marijuana stocks had a rise in trading before falling back down. Still with more to be done for the cannabis sector investing in the right marijuana stocks can potentially lead to seeing strong profits down the road.
Marijuana Stocks To Watch 2023
MedMen Enterprises Inc.
MedMen Enterprises Inc. together with its subsidiaries, operates as a cannabis retailer in the United States. The company provides products under the MedMen Red and LuxLyte brand names. 
As of June 25, 2022, it operated 19 stores in California, Nevada, Illinois, Arizona, and Massachusetts. Earlier in May the company expanded its Chicago area footprint. This was done with the opening of its newest dispensary in Morton Grove.
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Words From The Company
“As one of the most recognizable premium dispensary brands in America, we’re excited to welcome our newest MedMen retail operation to Morton Grove, at a location central to shopping and culture. We look forward to introducing our hand-picked curation of new products to discerning cannabis consumers in Illinois’s thriving recreational market,” said Karen Torres, MedMen’s Chief Product Officer.
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Red White & Bloom Brands Inc.
Red White & Bloom Brands Inc. manufactures, processes, and distributes cannabis products and accessories primarily in Michigan, California, and Florida. The company operates through Retail and Distribution segments. In recent news, the company has reported its earnings for Q1 2023. 
First Quarter 2023 Highlights
- Revenues were $27.0 million for 2023-Q1.
- Gross profit, before fair value adjustments, was $9.4 million for 2023-Q1.
- Operating expenses were $10.9 million for 2023-Q1.
- Adjusted EBITDA was positive 100k for 2023-Q1.
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