The MarketWatch News Department was not involved in the creation of this content.
May 02, 2021 (Marijuana Stocks via COMTEX) —
Marijuana Stocks In 2021 And Market Performance
Will top marijuana stocks continue to see upward momentum in May? In the last week of April, some of the best cannabis stocks to invest in have begun to climb higher in the market. After the cannabis sector showed declines for March and April many leading pot stocks are at price points that could see gains in the future. For those investors looking to start a position, it could be time to put some top marijuana stocks on your watchlist.
One area that suffered substantial losses is Canadian cannabis stocks in 2021. At the beginning of 2021 Canadian marijuana stocks rallied on the notion US cannabis reform could be around the corner. Now after months of nothing happening in the political arena these stocks have fallen to December 2020 trading levels. Because of this recent drop and the possibility that the US could implement cannabis reform this year the Canadian cannabis stocks could have a significant rally in 2021.
Canadian Market Growth In 2021
In Canada, sales grew 74% in February to $263 million. Also, Canadian cannabis companies have been growing their presence overseas expanding into those medical cannabis markets. In general, this has given these companies future growth potential in the cannabis industry. Additionally, most top Canadian cannabis…
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The MarketWatch News Department was not involved in the creation of this content.
May 02, 2021 (Marijuana Stocks via COMTEX) —
Marijuana Stocks In 2021 And Market Performance
Will top marijuana stocks continue to see upward momentum in May? In the last week of April, some of the best cannabis stocks to invest in have begun to climb higher in the market. After the cannabis sector showed declines for March and April many leading pot stocks are at price points that could see gains in the future. For those investors looking to start a position, it could be time to put some top marijuana stocks on your watchlist.
One area that suffered substantial losses is Canadian cannabis stocks in 2021. At the beginning of 2021 Canadian marijuana stocks rallied on the notion US cannabis reform could be around the corner. Now after months of nothing happening in the political arena these stocks have fallen to December 2020 trading levels. Because of this recent drop and the possibility that the US could implement cannabis reform this year the Canadian cannabis stocks could have a significant rally in 2021.
Canadian Market Growth In 2021
In Canada, sales grew 74% in February to $263 million. Also, Canadian cannabis companies have been growing their presence overseas expanding into those medical cannabis markets. In general, this has given these companies future growth potential in the cannabis industry. Additionally, most top Canadian cannabis…
