Top Cannabis Stocks for Q3 2023

Investing in cannabis stocks presents growth opportunities, with the market forecasted to reach $444.3 billion by 2030; however, limitations such as limited access to financial services and competition can hinder profitability.

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8/23/2023

3 Top Growth Stocks to Buy Before the Next Bull Market

Summary: This article highlights three growth stocks worth considering for investment, with a focus on different industries and potential long-term upside.

8/24/2023

NYC Could See $1.2 Billion In Marijuana Sales Annually, But Licensing Hiccups And Unregulated Market Are Holding It Back, City Economists Say - Marijuana Moment

The New York City cannabis industry could generate up to $1.2 billion in annual sales, resulting in about $47 million in local tax revenue, according to a report from the New York City Independent Budget Office (IBO), but significant changes are required in order to reach this potential due to the presence of unlicensed retailers and legal hurdles.

8/30/2023

Stock Market Today: Dow Wavers; Tesla, Nvidia, Vinfast, and Other Premarket Movers; HP Inc., Salesforce Earnings

Stocks were mostly higher on Wednesday as economic data showed signs of a slowing economy, with the Dow Jones Industrial Average reversing gains due to declines in certain stocks and the S&P 500 experiencing a small decline in September despite its overall positive performance for the year. Additionally, the U.S. Department of Health and Human Services has recommended reclassifying marijuana to loosen restrictions, potentially impacting the cannabis industry.

8/27/2023

America's once-booming weed industry 'verges on collapse'

The legalized marijuana industry in the US is facing a crisis due to plummeting prices, inconsistent state regulation, and burdensome taxes, leading to financial struggles and potential collapse for many businesses in the industry.

9/18/2023

Canopy Growth Stock Plunges 14% on Discounted Share Offering, Drags Down Cannabis Sector

Shares of marijuana stocks, including Aurora Cannabis, Cresco Labs, and Canopy Growth, suffered losses after Canopy Growth announced a private placement of new shares at a discounted price, causing concerns among investors about similar actions from other companies in the future.

9/18/2023

NYC Cracks Down on Unlicensed Cannabis Shops as Legal Market Slow to Launch

New York officials are intensifying efforts to crack down on unlicensed smoke shops selling cannabis, as the state struggles to establish its legal marijuana marketplace, with an estimated 1,500 unlicensed retailers in New York City potentially holding up to $484 million worth of marijuana products.

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Posted 9/1/2023, 2:00:00 PM

Top Cannabis Stocks for Q3 2023

investopedia.com

Relevant topic timeline:

8/23/2023

3 Top Growth Stocks to Buy Before the Next Bull Market

Summary: This article highlights three growth stocks worth considering for investment, with a focus on different industries and potential long-term upside.

8/24/2023

NYC Could See $1.2 Billion In Marijuana Sales Annually, But Licensing Hiccups And Unregulated Market Are Holding It Back, City Economists Say - Marijuana Moment

8/30/2023

Stock Market Today: Dow Wavers; Tesla, Nvidia, Vinfast, and Other Premarket Movers; HP Inc., Salesforce Earnings

8/27/2023

America's once-booming weed industry 'verges on collapse'

9/18/2023

Canopy Growth Stock Plunges 14% on Discounted Share Offering, Drags Down Cannabis Sector

9/18/2023

NYC Cracks Down on Unlicensed Cannabis Shops as Legal Market Slow to Launch