In this article, we discuss 11 best marijuana stocks to buy now. If you want to see more stocks in this selection, check out 5 Best Marijuana Stocks To Buy Now.
Previously, we reported that in 2022, the cannabis industry had a mixed performance, with some new markets experiencing growth while sales declined in established markets. COVID-19 played a role in this, leading to challenges such as job cuts and increased debt for many companies. However, there were positive developments as well, including more states legalizing adult-use cannabis and federal progress in reform efforts. Legal retailers faced difficulties with taxes, regulations, and competition from the illegal market, which are likely to continue in 2023. Despite these challenges, the growth rate of legal cannabis sales in the United States is expected to maintain a double-digit annual compound growth rate, even without federal legalization.
As per Hub International, the cannabis industry continues to face obstacles in achieving profitability. Challenges such as disruptions in the supply chain, product recalls, regulatory issues, and economic difficulties persist, making it crucial for comprehensive risk management strategies to mitigate the impact of these exposures. The industry is grappling with rising inflation and increased costs for essential resources like fertilizer, building materials, and packaging, which are negatively impacting its financial performance. However, cannabis companies are hesitant to…
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