The MarketWatch News Department was not involved in the creation of this content.
Apr 24, 2021 (Marijuana Stocks via COMTEX) —
2 Marijuana Stocks To Watch Before Next Month
As marijuana stocks still battle to reach higher market levels some are still holding a decent market position. Many investors are worried about the uncertainty with the current downward trading cannabis stocks are facing. Now, this is not to say some many new and seasoned investors haven’t been loading their portfolios up with top marijuana stocks.
As most of the sectors are down this presents a good buying opportunity for those looking to invest in marijuana stocks. Even with how long the cannabis sector has been trading down on the day it recovers big gains will be made. In addition to the overall market recovering many people since back in November did a great amount of speculative trading. This was because of promises of federal cannabis reform which as of today is now at a standstill.
This comes from Biden not giving a concrete answer as to whether he will enact policy change if the bill made it to his desk. Back when Vice President Harris said she would pass a federal reform if elected has currently failed to do so. During that time many people were buying marijuana stocks based on speculation of when cannabis would be federally legal. Now its seems that it will take longer than expected even with more states voting to legalize cannabis in some form.
…
Original Author Link click here to read complete story..
The MarketWatch News Department was not involved in the creation of this content.
Apr 24, 2021 (Marijuana Stocks via COMTEX) —
2 Marijuana Stocks To Watch Before Next Month
As marijuana stocks still battle to reach higher market levels some are still holding a decent market position. Many investors are worried about the uncertainty with the current downward trading cannabis stocks are facing. Now, this is not to say some many new and seasoned investors haven’t been loading their portfolios up with top marijuana stocks.
As most of the sectors are down this presents a good buying opportunity for those looking to invest in marijuana stocks. Even with how long the cannabis sector has been trading down on the day it recovers big gains will be made. In addition to the overall market recovering many people since back in November did a great amount of speculative trading. This was because of promises of federal cannabis reform which as of today is now at a standstill.
This comes from Biden not giving a concrete answer as to whether he will enact policy change if the bill made it to his desk. Back when Vice President Harris said she would pass a federal reform if elected has currently failed to do so. During that time many people were buying marijuana stocks based on speculation of when cannabis would be federally legal. Now its seems that it will take longer than expected even with more states voting to legalize cannabis in some form.
…
