These cannabis stocks should be watched closely by investors this month

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Cannabis investors have a few options worth following as the market changes

Steps towards the regulation and legalization of marijuana in the US and Canada have increased interest in companies in this sector. By trading marijuana stocks, investors can profit whether the stock is up or down. To create an effective cannabis stock trading strategy, it is important to understand the sector and keep in mind which stocks will really pay off over time. March continues to show some pretty interesting options.

One of them is Neptune Wellness Solutions, a company that grew by leaps and bounds after merging in 2022 with a consumer goods company. Now with a much broader business, the combined company wants to offer a selection of CBD-infused beverages in the US. Its transition from being a large consumer goods company to a B2B hemp and cannabis extraction company seems to be going quite well, and that makes it a solid stock in the industry.

Another company with a large footprint and exposure in the market is Cronos Group. With a presence on five continents, this company is one of the largest distributors of marijuana globally. Among its latest moves is a $110.4-million investment to buy a 10.5% stake in PharmaCann. The deal would apply to PharmaCann’s more than 20 dispensaries and six facilities.

And then there is Hexo Corp. This company has received varying accolades for its high-quality marijuana products. The firm offers a wide variety of brands to the recreational cannabis industry in Canada. In addition, with respect to its international footprint, the company offers a range of pharmaceutical products in Israel and Malta. Its US inroads have also been evidenced by a partnership with Molson Coors, bringing Truss CBD USA to life to operate in Colorado.