The marijuana industry has been a hot topic in the United States, with a growing number of states legalizing the use of cannabis for both medical and recreational purposes. As the market continues to expand, investors are looking for opportunities to capitalize on this trend. One of the most popular ways to invest in the marijuana sector is through over-the-counter (OTC) stocks. In this article, we will explore six major US OTC marijuana stocks that investors should consider adding to their portfolios in 2023.
1. Green Growth Brands Inc. (CSE: GROW) (OTC: GRWBF)
Green Growth Brands is a leading cannabis company that focuses on the retail and distribution of cannabis products. The company operates a network of retail stores and distributes its products through various channels. With a strong presence in the Canadian market, Green Growth has been expanding its operations in the US. As the US marijuana market continues to grow, Green Growth is well-positioned to benefit from this trend.
2. Canopy Growth Corporation (TSX: WEED) (OTC: TWMJF)
Canopy Growth is one of the largest cannabis companies in the world, with a significant presence in the US market. The company has a diverse portfolio of cannabis products and operates in multiple states. Canopy Growth has been investing heavily in research and development, which has helped it maintain a competitive edge in the industry. With a strong brand and a robust product line, Canopy Growth is a solid investment for those looking to capitalize on the growing US marijuana market.
3. Curaleaf Holdings Inc. (CSE: CURA) (OTC: CURAF)
Curaleaf is one of the largest cannabis companies in the US, with a strong focus on the medical market. The company operates in multiple states and offers a wide range of cannabis products, including oils, edibles, and topicals. Curaleaf has been investing in research and development to expand its product offerings and improve its customer experience. As the medical marijuana market continues to grow, Curaleaf is well-positioned to benefit from this trend.
4. Acreage Holdings Inc. (CSE: ACRG) (OTC: ACRGF)
Acreage Holdings is a diversified cannabis company that operates in multiple states. The company focuses on the medical and recreational markets and offers a wide range of cannabis products, including flowers, concentrates, and edibles. Acreage Holdings has been investing in research and development to improve its product offerings and expand its market reach. With a strong brand and a solid business model, Acreage Holdings is a compelling investment for those looking to capitalize on the US marijuana market.
5. Tilray Inc. (NASDAQ: TLRY) (OTC: TLRYF)
Tilray is a leading cannabis company that operates in multiple countries, including the US. The company focuses on the medical and recreational markets and offers a wide range of cannabis products, including flowers, oils, and edibles. Tilray has been investing in research and development to improve its product offerings and expand its market reach. With a strong brand and a robust product line, Tilray is a solid investment for those looking to capitalize on the US marijuana market.
6. The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF)
The Green Organic Dutchman is a cannabis company that focuses on the production and distribution of organic cannabis products. The company operates in multiple countries, including the US, and offers a wide range of cannabis products, including flowers, oils, and edibles. The Green Organic Dutchman has been investing in research and development to improve its product offerings and expand its market reach. With a strong focus on organic products and a robust product line, The Green Organic Dutchman is a compelling investment for those looking to capitalize on the US marijuana market.
As the US marijuana market continues to grow, these six OTC marijuana stocks offer investors a unique opportunity to capitalize on this trend. With a diverse range of products and a strong focus on research and development, these companies are well-positioned to benefit from the growing demand for cannabis products. However, as with any investment, it is important to do your due diligence and consider the risks before making any investment decisions.
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