The cannabis industry is likely to expand this year, giving investors reasons to explore stocks
The investment outlook in 2023 looks pretty good for some industries. Those who are not afraid of risk due to high volatility are betting on cannabis stocks. Investing in a publicly traded cannabis company not only gives you a piece of ownership, but it’s also a way to profit from a company you didn’t need to start or deal with day-to-day operations. Plus, it’s an easy way to get involved in everything that’s going on in the market.
Jushi Holdings continues to be listed by many experts who are confident in its great potential. The vertically integrated marijuana company focuses its business on the processing, cultivation, retail and distribution of products in both the recreational and medical markets. Many investors are attracted to this stock as it is a company that is focused on developing a portfolio of cannabis assets in several US jurisdictions.
The integrated cannabis company Planet Holdings is also in the spotlight of many analysts. This company is involved in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products. Its footprint expands into Nevada’s medical and retail markets. Its mega-store in Las Vegas has helped the company maintain solid reporting, making it a safe bet.
And then there is Columbia Care, a company that grows, manufactures and offers cannabis products and related services. Its marketed products include flowers, edibles, oils and tablets under the Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber, and Platinum Label CBD brands. The company, which is awaiting a merger with Cresco Labs, is licensed in 18 jurisdictions in the US and the EU.