3 Marijuana Stocks To Buy This Month For Better Trading
As marijuana stock investors enter halfway through October they are still on the lookout for new opportunities. The mindset for most people looking to invest in cannabis see it as an investment of the future. Much of the cannabis sector is not how it used to be back before the pandemic. So now the strategy that many are using is to sell on volatile pops and hold shares for later.
The cannabis industry is still young and growing and things are developing day by day. More companies are starting to expand through strategic partnerships. These partnerships could be the start of even bigger business if they show to be successful. Not only that with more states generating over a billion in tax revenue this should be seen as a means to federally legalize cannabis. In recent news once again the attempt to pass the SAFE Banking Act has not been successful.
However with more than half of the United States legal already it seems it’s just a matter of time. For those looking for the best marijuana stocks to buy now could be the time to do so. Many cannabis stocks are trading at lower entry levels making it cheaper to take up sizable positions. Just make sure you do your research and invest in the marijuana stocks you feel hold the most value. Below are some marijuana stocks to watch as there could be a possible bounce in trading this week.
Top Marijuana Stocks To Watch
- Trulieve Cannabis Corp. (OTC:TCNNF)
- Cresco Labs Inc. (OTC:CRLBF)
- Curaleaf Holdings, Inc. (OTC:CURLF)
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. In recent news, the company has relocated one of its dispensaries to a new location. The new Trulieve store is located in Melbourne, Florida.
Words From The Company
“We are committed to finding the most convenient locations to best serve our Florida patients,” said Trulieve’s Chief Executive Officer Kim Rivers. “This relocation improves our ability to offer our broad assortment of products and first-class customer service to the Melbourne community.”
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 the launch of its Good News brand in the Commonwealth of Pennsylvania.
Good News’ first product, Sweet Troches (troh-kees), is a sublingual form offered in six flavors with 10mg THC. It is now available to purchase at all Sunnyside locations and other dispensaries in the state.
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Words From The CEO
“We’ve demonstrated repeatedly our ability to build our core brands and core products in new markets to meet market conditions, while also maintaining our strong number-one share positions,” said Charlie Bachtell, CEO and co-founder of Cresco Labs. “Our branded portfolio is holding strong with the top share position in Pennsylvania.
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Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates a cannabis operator in the United States. It operates through Domestic Operations and International Operations segments. The company engages in the cultivation, production, and sale of cannabis products through retail and wholesale channels. Back on October 10th, the company announced it will report its Q3 2023 financial earnings.
The company will release its financial and operating results for the third quarter ended September 30, 2023, after the market close on November 9, 2023. Management will host a conference call and audio webcast that afternoon at 5:00 p.m. ET consisting of prepared remarks followed by a question-and-answer session related to the Company’s operational and financial highlights.
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