2 Cannabis Companies To Add To Your Marijuana Stock Portfolio
Investing in marijuana stocks can be a good option for investors interested in the cannabis industry. However, it’s important to note that investing in any individual stock carries inherent risks, including the potential for losses. Yet with proper due diligence and a sound game plan can give you the best chances at making money. Some marijuana stocks do trade better than others. Even in a volatile market where trading patterns no matter the company can change without warning.
This is why having a trading strategy is important being able to adapt to changes the sector may encounter. The cannabis industry has experienced significant growth and evolving regulations in recent years. Many countries and states have legalized cannabis for medical or recreational use, creating opportunities for businesses in the sector. The industry consists of various types of companies. These include producers and cultivators of cannabis, and pharmaceutical companies focusing on cannabis-based medications.
As well as companies involved in ancillary services like equipment and technology, and retail operators. From this are many areas and companies to consider when looking for the best marijuana stocks to buy. But as mentioned above the more time you take to research and make a plan the better your odds of seeing a return. Below are a few marijuana stocks to watch in 2023 that could see better trading momentum.
Top Marijuana Stocks To Watch 2023
- Canopy Growth Corporation (NASDAQ:CGC)
- Acreage Holdings, Inc. (OTC:ACRHF)
Canopy Growth Corporation
Canopy Growth Corporation together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis, and Other Consumer Products.
In recent news, the company announced that STORZ & BICKEL to exhibit at the Cannatrade expo in Zurich. At the trade show, STORZ & BICKEL will exhibit its industry-leading vaporizers, including the CRAFTY+, MIGHTY+, PLENTY, and the iconic VOLCANO, in Hall 622.
[Read More] Top Marijuana Stocks In The Sector Today
Words From The Company
“At STORZ & BICKEL, our customers and consumers are at the core of everything we do, from research and development to final design,” said Jürgen Bickel, Founder and Managing Director, of STORZ & BICKEL. “We look forward to engaging directly with thousands of business customers and individual consumers at CannaTrade to share our latest portfolio advancements and hear first-hand their experiences with our devices.”
Acreage Holdings, Inc.
Acreage Holdings, Inc. formerly High Street Capital Partners, is a principal investment firm specializing in the cannabis industry. The company was founded in 2014 and is based in New York, New York. Recently the company announced an update to its senior management team. Steve Goertz has resigned from his position as Chief Financial Officer effective June 15, 2023.
The Company has initiated a search process to fill the role of Chief Financial Officer. Prior to the conclusion of his role, Mr. Goertz will lead the preparation and filing of the Company’s financial statements for the first quarter of 2023 and assist in the transition.
[Read More] Marijuana Stocks For Cannabis Investing 2023
Words From The CEO
“Steve played an instrumental role in the substantial evolution of Acreage over the last several years,” said Peter Caldini, Chief Executive Officer of Acreage. “His leadership was critical in achieving many significant milestones in our company’s history.
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