Are you looking to invest in top marijuana stocks in 2021? At the present time, most of the best cannabis stocks to buy have seen a substantial drop in value for March and April. In general, for new investors, this could be an ideal time to add top pot stocks to your watchlist. Currently, cannabis stocks represent one of the fastest-growing markets in the world.
According to analysts from New Frontier Data, the global cannabis market is expected to hit $47 billion by 2025. Remarkably most of this growth is forecast to occur in the U.S. and could produce significant revenue growth for top cannabis companies in the future. In the U.S. the cannabis market has begun to grow rapidly with states like New York, Virginia, and New Mexico recently establishing cannabis legalization.
At the present moment, 36 states have medicinal marijuana available and 17 states and Washington D.C. have recreational cannabis markets as well. In fact, Michigan cannabis sales increased by 179% to a record $145.8 million in March. A now rapidly growing recreational market is leading sales growth in most states. During the pandemic, more people staying at home have turned to marijuana to help relieve stress. Above all the best cannabis stocks to invest in have seen stock market volatility in 2021.
Is It Time To Invest In Cannabis Stocks Right Now?
After reaching its high on February 10th most of the cannabis sector has taken a sharp decline in market value. Granted…
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Are you looking to invest in top marijuana stocks in 2021? At the present time, most of the best cannabis stocks to buy have seen a substantial drop in value for March and April. In general, for new investors, this could be an ideal time to add top pot stocks to your watchlist. Currently, cannabis stocks represent one of the fastest-growing markets in the world.
According to analysts from New Frontier Data, the global cannabis market is expected to hit $47 billion by 2025. Remarkably most of this growth is forecast to occur in the U.S. and could produce significant revenue growth for top cannabis companies in the future. In the U.S. the cannabis market has begun to grow rapidly with states like New York, Virginia, and New Mexico recently establishing cannabis legalization.
At the present moment, 36 states have medicinal marijuana available and 17 states and Washington D.C. have recreational cannabis markets as well. In fact, Michigan cannabis sales increased by 179% to a record $145.8 million in March. A now rapidly growing recreational market is leading sales growth in most states. During the pandemic, more people staying at home have turned to marijuana to help relieve stress. Above all the best cannabis stocks to invest in have seen stock market volatility in 2021.
Is It Time To Invest In Cannabis Stocks Right Now?
After reaching its high on February 10th most of the cannabis sector has taken a sharp decline in market value. Granted…