Are marijuana stocks a good investment in the summer of 2021? With the cannabis sector trading near some of the lowest price points in June, there has been some upside so far this month. This could be a good time to find cannabis stocks to add to your watchlist this week. In the US cannabis companies are performing extremely well and expanding across the US into the emerging cannabis market.
Primarily, this growth has increased revenue and most top marijuana companies are reporting strong first-quarter 2021 results. In addition, many companies are forecasting much higher numbers in their 2021 guidance. As these cannabis companies expand mergers and acquisitions have become a method of rapidly growing their presence in the market. One factor that continues to help drive marijuana stocks in 2021 is federal cannabis legalization.
Currently, Congress is expected to vote on the MORE Act sometime in June. This could send the cannabis sector trading higher in the market. So far in 2021, the cannabis sector saw significant gains in the first few months of this year. Although some of these gains have been lost as the year progressed February highs could be a gauge as to where top marijuana stocks to buy could go with the proper catalysts.
Finding The Best Cannabis Investments In 2021
As an investor doing your own due diligence and research into a company is always important before investing. In general, this will help you find the…
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Are marijuana stocks a good investment in the summer of 2021? With the cannabis sector trading near some of the lowest price points in June, there has been some upside so far this month. This could be a good time to find cannabis stocks to add to your watchlist this week. In the US cannabis companies are performing extremely well and expanding across the US into the emerging cannabis market.
Primarily, this growth has increased revenue and most top marijuana companies are reporting strong first-quarter 2021 results. In addition, many companies are forecasting much higher numbers in their 2021 guidance. As these cannabis companies expand mergers and acquisitions have become a method of rapidly growing their presence in the market. One factor that continues to help drive marijuana stocks in 2021 is federal cannabis legalization.
Currently, Congress is expected to vote on the MORE Act sometime in June. This could send the cannabis sector trading higher in the market. So far in 2021, the cannabis sector saw significant gains in the first few months of this year. Although some of these gains have been lost as the year progressed February highs could be a gauge as to where top marijuana stocks to buy could go with the proper catalysts.
Finding The Best Cannabis Investments In 2021
As an investor doing your own due diligence and research into a company is always important before investing. In general, this will help you find the…
