GRWG - 2 Pot Stocks For Your 2023 Watchlist
2 Pot Stocks To Watch In The Stock Market For Better Trading
For those who are looking for marijuana stocks to buy now may be the best time. The cannabis industry overall is still fairly young and growing. Some industries when they are still developing bring on more areas of investment opportunities and the cannabis sector is no different. Specifically with no federal reform set in place for cannabis in the USA the marijuana stock trade with a high level of volatility. The reason for the most volatile trade for marijuana stocks is based on how unregulated the industry is and the fear of federal regulators stepping in.
So the assumption is once cannabis prohibtion is no more it will potentially cause a run for marijuana stocks. However, not just a boost in trading but part of this prediction is that with no fear of federal penalties it will lead to seeing more consistency in the sector. Yet this is just an assumption and is not a guarantee as anything is possible. However, history has shown that any positive news on federal reform has moved the market higher.
With this people are trying to get prepared and put their portfolios in a position to see strong returns. The current strategy in the cannabis sector has been one of quick in-and-out trading due to how short most recoveries last. Nonetheless with no federal reform in place, some feel now is the best time to invest in marijuana stocks . The companies below are a few cannabis stocks to keep on watching for the rest of the year.
Pot Stocks For Your 2023 Watchlist
- GrowGeneration Corp. ( NASDAQ:GRWG )
- Agrify Corporation ( NASDAQ:AGFY )
GrowGeneration Corp.
GrowGeneration Corp. through its subsidiaries owns and operates retail hydroponic and organic gardening stores in the United States. Back on October 26th, the company announced it will be releasing its Q3 2022 earnings. As well as a conference call to discuss the third quarter results on November 7th.
The announcement will be followed by a live earnings conference call at 5:00 p.m. EDT. Also back on September 20th, GrowGen announced plans to open a new hydroponic garden center in Richmond, Virginia which became operational on the 26th.
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Agrify Corporation
Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. In recent news, the company is preparing to report Q3 2022 earnings on a conference call.
November 9, 2022, at 8:30 a.m the call will take place hosted by Raymond Chang, Chief Executive Officer, and Timothy Oakes, Chief Financial Officer. All interested parties are invited to attend.
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The Company will report its financial results for the third quarter in advance of the call.