Several regulatory updates in the United States of late have proven to be quite beneficial for the marijuana industry. Senate Majority Leader Chuck Schumer has released a draft of legislation this summer seeking to remove the federal government’s ban on marijuana. The wave of legalization at the state level throughout the U.S. has sparked hope among cannabis investors who are already bullish on this sector. Consequently, cannabis stocks continue to hold favor among speculators and hyper-growth investors right now.
Although the bill to legalize marijuana is certainly not entirely free of obstacles, investors have reason to be optimistic. Since 2017, there have been a number of impressive rallies in this sector sparked by federal legalization in Canada in 2018, and anticipation around the potential for U.S. legalization soon.
Interestingly, the Prime Alternative Harvest Index, which keeps a record of the performance of cannabis stock, shot up 46% in mid-April. However, this index came back to earth relatively quickly as investors re-rated the likelihood of federal legalization materializing. That said, this index was up by 14.5% year-to-date through mid-August.
Investors may be on edge with regards to how the cannabis sector will fare through the end of 2021. However, the drafting of this new bill to legalize marijuana has gotten investors on edge about the idea of legalization.
Here’s a list of seven cannabis stocks that can potentially surge this Fall in this…
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Several regulatory updates in the United States of late have proven to be quite beneficial for the marijuana industry. Senate Majority Leader Chuck Schumer has released a draft of legislation this summer seeking to remove the federal government’s ban on marijuana. The wave of legalization at the state level throughout the U.S. has sparked hope among cannabis investors who are already bullish on this sector. Consequently, cannabis stocks continue to hold favor among speculators and hyper-growth investors right now.
Although the bill to legalize marijuana is certainly not entirely free of obstacles, investors have reason to be optimistic. Since 2017, there have been a number of impressive rallies in this sector sparked by federal legalization in Canada in 2018, and anticipation around the potential for U.S. legalization soon.
Interestingly, the Prime Alternative Harvest Index, which keeps a record of the performance of cannabis stock, shot up 46% in mid-April. However, this index came back to earth relatively quickly as investors re-rated the likelihood of federal legalization materializing. That said, this index was up by 14.5% year-to-date through mid-August.
Investors may be on edge with regards to how the cannabis sector will fare through the end of 2021. However, the drafting of this new bill to legalize marijuana has gotten investors on edge about the idea of legalization.
Here’s a list of seven cannabis stocks that can potentially surge this Fall in this…
