Best Penny Stocks To Buy Before Marijuana Legalization? 4 To Watch NowPosted by On


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Jul 13, 2021 (Penny Stocks via COMTEX) —
These Penny Stocks Could Be In Focus With Federal Marijuana Legalization Headlines This Week

When it comes to marijuana legalization, whether state level or federal, there are plenty of moving parts. One of the great things about so much happening is that each event is a potential catalyst for marijuana penny stocks. Even the slightest glimmer of hope or smallest hiccup can trigger a big reaction in the stock market. Needless to say, as traders, you should be aware of micro-trends as they develop.

This week we’ve seen pot stocks pick up a bit after weeks of dormancy. Why are marijuana stocks moving today? Senate Majority Leader Chuck Schumer, Senator Corey Booker of New Jersey, and Senate Finance Committee Chairman Ron Wyden hold a press conference this week. But this isn’t just any PR event. According to people close to the situation, the team will reveal a preliminary version of what’s expected to be titled the “Cannabis Administration and Opportunity Act.”

Further details have yet to be revealed. However, as we’ve seen so many times in the past, legislative events centered on potential marijuana legalization can evoke an immediate reaction from investors. In this case, the broader sector trend was very bullish on Tuesday. Sector ETFs, including the Advisors Share Pure US Cannabis ETF (NYSE:MSOS), the Alternative Harvest ETF (

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The MarketWatch News Department was not involved in the creation of this content.

Jul 13, 2021 (Penny Stocks via COMTEX) —
These Penny Stocks Could Be In Focus With Federal Marijuana Legalization Headlines This Week

When it comes to marijuana legalization, whether state level or federal, there are plenty of moving parts. One of the great things about so much happening is that each event is a potential catalyst for marijuana penny stocks. Even the slightest glimmer of hope or smallest hiccup can trigger a big reaction in the stock market. Needless to say, as traders, you should be aware of micro-trends as they develop.

This week we’ve seen pot stocks pick up a bit after weeks of dormancy. Why are marijuana stocks moving today? Senate Majority Leader Chuck Schumer, Senator Corey Booker of New Jersey, and Senate Finance Committee Chairman Ron Wyden hold a press conference this week. But this isn’t just any PR event. According to people close to the situation, the team will reveal a preliminary version of what’s expected to be titled the “Cannabis Administration and Opportunity Act.”

Further details have yet to be revealed. However, as we’ve seen so many times in the past, legislative events centered on potential marijuana legalization can evoke an immediate reaction from investors. In this case, the broader sector trend was very bullish on Tuesday. Sector ETFs, including the Advisors Share Pure US Cannabis ETF (NYSE:MSOS), the Alternative Harvest ETF (



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