2 Marijuana Stocks To Watch In The Market Today
Marijuana stock investors are keeping hopes high for the future of cannabis investing. Over the last year or so many people have had to adjust trading styles and strategies based on the behavior of the sector. There has always been a risk factor with cannabis stocks from the lack of comprehensive reform and federal legislation. It has led to uncertainty and a more cautious approach toward finding marijuana stocks to buy. Now what keeps people optimistic is several factors one being that the cannabis industry is still young and developing.
When a new market is still evolving it leaves room for error and can have a drastic change in the way people see cannabis investing. From this there has been an increase in volatile trading and not all investors are able to adjust. Nevertheless, those who have been able to adapt have adjusted for long-term investing versus short-term like once before. At one point in time, most of the cannabis investing was more short-term being able to get in and out of trade with a profit. Now this has not always been the case as there is a buy-and-hold strategy happening due to a lack of upward momentum.
However, almost halfway through the year, there is still more time to see a turnaround for the cannabis sector. Many feel once better regulations and laws are in place people will regain confidence in investing in marijuana stocks. For now, people are using volatility to their advantage as a means to take up a position whenever there is a pullback. Finding low entry points for top marijuana stocks better prepares you for taking profits when there is a recovery in the sector.
Top Marijuana Stocks To Watch 2023
Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership, and management of specialized properties. Which are leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.
On March 29th the company announces senior leadership appointments and promotions. The company has hired David Smith as Chief Financial Officer and Treasurer. Plus the promotions of Catherine Hastings to Chief Operating Officer and Ben Regin to Chief Investment Officer.
[Read More] 3 Marijuana Stocks To Buy And Watch In April?
NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is a leading provider of real estate capital to state-licensed cannabis operators. Founded in 2019, it is a triple-net lease REIT that acquires industrial and retail properties through sale-leaseback transactions. Plus third-party purchases and build-to-suit projects.
Recently the company promoted Jarret Annenberg to Senior Vice President head of investments. Mr. Annenberg is a co-founder of NewLake and, in addition to acquisitions, he assists in NewLake’s operations, portfolio management, and capital-raising efforts.
Words From The Company
“Since we founded the Company in 2019, Jarrett and I have been working side-by-side to ensure the growth and ultimate success of NewLake,” said Anthony Coniglio, Chief Executive Officer of NewLake. “He is a trusted and essential part of our team, and this promotion is well-deserved.”