Analysts see positive gains for several cannabis firms in March
Now that the second week of March has begun, cannabis stocks are starting to see much-improved trading. While it is true that volatility caused February to close with a cannabis sector moving north and south, the up-and-down trade continues to prove to have some pretty good opportunities. This month could be an opportunity to find the best marijuana stocks to buy and close out the first quarter of 2023 on the right foot.
One company that, according to several analysts, promises to have great potential in the coming weeks is Jushi Holdings. This vertically integrated cannabis company focuses on the processing, cultivation, retail and distribution of products for both the recreational and medical sectors. Its focus on building a portfolio of cannabis assets in several states across the country is what has caught the attention of many investors today.
Another company that seems to be having positive weeks lately is Acreage Holdings. Formerly known as High Street Capital Partners, it is considered one of the most relevant investment firms focused on the marijuana industry. Nearly a decade old, the New York-based company seems to be an excellent opportunity for those looking for nothing but good news over the next few weeks.
And then there is Cansortium, a company that relies on the efforts of its subsidiaries to produce and sell medical marijuana in the country. These products focused on the benefits of the plant are offered in capsules, oral drops, syringes, topicals, dried flowers, pre-rolls, cartridges and edibles under the Fluent brand. The company knows very well what it does, and that makes it a safe investment.