The cannabis industry has been experiencing a surge in popularity over the past few years, and with more states legalizing the use of cannabis, the market is only expected to grow. For investors looking to capitalize on this trend, investing in US-based cannabis stocks can be a wise decision. In this article, we will discuss some of the top US-based cannabis stocks to watch in 2023.
Aurora Cannabis Inc. (ACB)
Aurora Cannabis Inc. is one of the largest cannabis producers in the world, with operations across North America and Europe. The company has a strong presence in the Canadian market and has been expanding its global footprint. Aurora's focus on innovation and its commitment to sustainable practices have helped it gain a competitive edge in the industry. With a market capitalization of over $3 billion, ACB is a significant player in the US-based cannabis stocks space.
Canopy Growth Corporation (CGC)
Canopy Growth Corporation is another major player in the cannabis industry, with a market capitalization of over $5 billion. The company is known for its wide range of cannabis products, including oils, edibles, and topicals. Canopy has also been successful in expanding its international operations, with significant investments in Europe and Australia. With a strong brand and a focus on research and development, CGC is a top pick among US-based cannabis stocks.
Curaleaf Holdings Inc. (CRL)
Curaleaf Holdings Inc. is one of the largest cannabis companies in the United States, with a presence in 23 states. The company offers a wide range of cannabis products, including flowers, concentrates, and edibles. Curaleaf's commitment to quality and its focus on customer satisfaction have helped it gain a loyal customer base. With a market capitalization of over $2 billion, CRL is a strong choice for investors looking to invest in US-based cannabis stocks.
Green Thumb Industries Inc. (GTI)
Green Thumb Industries Inc. is a vertically integrated cannabis company with operations across the United States. The company offers a variety of cannabis products, including flowers, concentrates, and edibles. GTI has a strong focus on brand-building and has successfully launched several popular cannabis brands. With a market capitalization of over $3 billion, GTI is a top US-based cannabis stock to watch in 2023.
Trulieve Cannabis Corp. (TRUL)
Trulieve Cannabis Corp. is a leading cannabis company in the United States, with a presence in 11 states. The company offers a wide range of cannabis products, including flowers, concentrates, and edibles. Trulieve's focus on quality and its commitment to customer satisfaction have helped it gain a strong market position. With a market capitalization of over $4 billion, TRUL is a top pick among US-based cannabis stocks.
Investing in US-based cannabis stocks can be a lucrative opportunity for investors, but it's important to do thorough research and understand the risks involved. The above-mentioned companies are some of the top US-based cannabis stocks to watch in 2023, but it's essential to consider factors such as market trends, regulatory changes, and company performance before making any investment decisions.