Top 10 US Cannabis Stocks to Watch in 2023

The cannabis industry has been booming in recent years, with more states legalizing the use of marijuana for both medical and recreational purposes. As a result, investors have been flocking to the sector, seeking opportunities in the top US cannabis stocks. If you're looking to get in on the action, here's a rundown of the top 10 US cannabis stocks to watch in 2023.

1. Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC)

Canopy Growth is one of the largest cannabis companies in the world, with a strong presence in both Canada and the United States. The company has a diverse portfolio of products and a robust distribution network, making it a solid investment choice.

2. Tilray, Inc. (NASDAQ: TLRY)

Tilray is another major player in the cannabis industry, known for its high-quality products and innovative approach to cultivation. The company has expanded its operations globally and has a strong focus on research and development.

3. Cronos Group Inc. (NASDAQ: CRON)

Cronos Group is a leading cannabis company with a focus on the Canadian market. The company has a strong pipeline of products and a strategic partnership with Altria Group Inc. (NYSE: MO), which adds to its credibility and market potential.

4. Aurora Cannabis Inc. (TSX: ACB) (NASDAQ: ACB)

Aurora Cannabis is a well-known name in the cannabis industry, with a strong reputation for quality and innovation. The company has a significant market share in Canada and is actively expanding its operations in the United States.

5. HEXO Corp. (TSX: HEXO) (NASDAQ: HEXO)

HEXO Corp. is a Canadian cannabis company known for its premium products and innovative marketing strategies. The company has a strong focus on the recreational market and has partnerships with major beer and beverage companies.

6. Curaleaf Holdings, Inc. (NASDAQ: CURLF)

Curaleaf is one of the largest cannabis companies in the United States, with a wide range of products and a comprehensive distribution network. The company has a strong focus on the medical market and has expanded its operations across multiple states.

7. Green Thumb Industries, Inc. (NASDAQ: GTBIF)

Green Thumb Industries is a leading cannabis company with a focus on the United States market. The company has a strong brand presence and a diverse portfolio of products, making it an attractive investment option.

8. Trulieve Cannabis Corp. (NASDAQ: TRUL)

Trulieve is a leading cannabis company in the United States, with a strong presence in Florida and other key markets. The company has a focus on medical cannabis and has a robust research and development program.

9. Verano Holdings Corp. (NASDAQ: VRNO)

Verano Holdings is a cannabis company with a strong focus on the United States market. The company has a diverse portfolio of products and a strong distribution network, making it a solid investment choice.

10. CV Sciences, Inc. (NASDAQ: CVSI)

CV Sciences is a cannabis company known for its CBD products. The company has a strong focus on the health and wellness market and has a robust research and development program.

When considering investing in cannabis stocks, it's important to do thorough research and understand the risks involved. The cannabis industry is still relatively new and subject to regulatory changes, which can impact the performance of these companies.

Case Study: Tilray, Inc.

Tilray's expansion into the United States market has been a significant driver of growth for the company. In 2018, Tilray became the first cannabis company to export cannabis to the United States, marking a major milestone for the industry. This move has helped the company establish itself as a leader in the global cannabis market.

In conclusion, the top 10 US cannabis stocks offer a range of opportunities for investors looking to capitalize on the growing cannabis industry. However, it's crucial to approach these investments with caution and conduct thorough due diligence.