Are You Up To Date On The Cannabis Industry In 2021?Posted by On


What Will The Cannabis Industry Become In The Near Future?

When it comes to the cannabis industry and marijuana stocks many investors are looking to take advantage. With Biden in office and a Democratic Administration people are in great belief that federal cannabis may happen in 2021. Because of this, there has been a record amount of money invested into the sector. Cannabis companies that operate out of the North American market have closed or announced more than $1.6 billion in capital raises back in January.

“The capital drought that began in late summer 2019 appears to be over, with cannabis operators closing in on $2 billion in new capital – including announced deals – since the Democratic win” in Georgia’s U.S. Senate runoff race in January, said Michael Regan, founder, and analyst at MJResearchCo.

Many analysts are projecting that 2021 will be a record-breaking time for cannabis investments. Back in 2019 investors decided to limit how much they were pouring into the cannabis industry and marijuana stocks. This was due to how much money was being used by cannabis companies to gain market share. Yet most of these cannabis companies were not able to become profitable.

During this time it caused other cannabis stocks to dip. Yet as the Democrats took over the Senate and the House investors started to find a renewed interest in the cannabis sector. Within the…

Original Author Link click here to read complete story..

What Will The Cannabis Industry Become In The Near Future?

When it comes to the cannabis industry and marijuana stocks many investors are looking to take advantage. With Biden in office and a Democratic Administration people are in great belief that federal cannabis may happen in 2021. Because of this, there has been a record amount of money invested into the sector. Cannabis companies that operate out of the North American market have closed or announced more than $1.6 billion in capital raises back in January.

“The capital drought that began in late summer 2019 appears to be over, with cannabis operators closing in on $2 billion in new capital – including announced deals – since the Democratic win” in Georgia’s U.S. Senate runoff race in January, said Michael Regan, founder, and analyst at MJResearchCo.

Many analysts are projecting that 2021 will be a record-breaking time for cannabis investments. Back in 2019 investors decided to limit how much they were pouring into the cannabis industry and marijuana stocks. This was due to how much money was being used by cannabis companies to gain market share. Yet most of these cannabis companies were not able to become profitable.

During this time it caused other cannabis stocks to dip. Yet as the Democrats took over the Senate and the House investors started to find a renewed interest in the cannabis sector. Within the…



Source link

News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.