2 Marijuana Stocks To Watch After Memorial Day WeekendPosted by On


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May 31, 2021 (Marijuana Stocks via COMTEX) —
2 Marijuana Stocks To Watch This Upcoming Month

As marijuana stocks finished the month of May it was done with a nice pick up in trading. Some analysts feel June will bring with it some more trading momentum. With the recent pick up in trading, some feel that there needs to be a bigger rise in the sector for some shareholders to take profits. Cannabis stocks have just come off of a 3-month downtrend and are still regaining momentum.

With more progress in the cannabis industry the more it may resonate well with other marijuana stocks. Those who did take advantage of the recent downtrend were able to find top marijuana stocks to buy. The drop in the sector essentially created a 12-week buying opportunity with how low marijuana stocks fell. As mentioned above investors are now waiting for a bigger rise in trading to see a return on their investment.

Two contributing factors towards this recent rise in trading are due to companies releasing their most current financials. In addition to more companies growing through mergers and acquisitions. Many cannabis companies in 2021 have been joining forces and buying out other marijuana companies. What ventures like these create are pretty much super cannabis companies. As well this will give the companies more resources and leverage within the space which can lead…

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The MarketWatch News Department was not involved in the creation of this content.

May 31, 2021 (Marijuana Stocks via COMTEX) —
2 Marijuana Stocks To Watch This Upcoming Month

As marijuana stocks finished the month of May it was done with a nice pick up in trading. Some analysts feel June will bring with it some more trading momentum. With the recent pick up in trading, some feel that there needs to be a bigger rise in the sector for some shareholders to take profits. Cannabis stocks have just come off of a 3-month downtrend and are still regaining momentum.

With more progress in the cannabis industry the more it may resonate well with other marijuana stocks. Those who did take advantage of the recent downtrend were able to find top marijuana stocks to buy. The drop in the sector essentially created a 12-week buying opportunity with how low marijuana stocks fell. As mentioned above investors are now waiting for a bigger rise in trading to see a return on their investment.

Two contributing factors towards this recent rise in trading are due to companies releasing their most current financials. In addition to more companies growing through mergers and acquisitions. Many cannabis companies in 2021 have been joining forces and buying out other marijuana companies. What ventures like these create are pretty much super cannabis companies. As well this will give the companies more resources and leverage within the space which can lead…



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