Best Stocks To Invest In Right Now? 3 Marijuana Stocks For Your July WatchlistPosted by On


Are These The Top Weed Stocks To Buy In 2021?

With the current hype around the marijuana industry across the board, weed stocks in 2021 continue to gain momentum. This would be the case as the broader stock market continues to hold on to most of its gains from last week’s record run. Now, as most seasoned investors would know, massive federal tailwinds are fueling the U.S. marijuana industry. Evidently, 18 states, two territories, and the District of Columbia currently allow adult recreational use of cannabis. In terms of medical use, 36 states and four territories have made similar moves. With this current wave of legalization, should investors be adding the top weed stocks to their portfolios?

Well, for one thing, the increased legalization would mean increased market value. According to Grand View Research, the global legal marijuana market could be worth $70.6 billion by 2028. This would indicate a significant compound annual growth rate of about 26.7%. In particular, legal marijuana sales in the U.S. are estimated to be $24 billion just this year. Furthermore, accessibility to the calming substance is on the rise as well. For starters, the U.S. Drug Enforcement Agency (DEA) now allows growers to produce marijuana for research. Yesterday’s announcement serves to widen the scope of cannabis research which could ideally lead to more applications. Meanwhile, the state of Connecticut also launched a website to keep the public updated on the latest marijuana laws. This…

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Are These The Top Weed Stocks To Buy In 2021?

With the current hype around the marijuana industry across the board, weed stocks in 2021 continue to gain momentum. This would be the case as the broader stock market continues to hold on to most of its gains from last week’s record run. Now, as most seasoned investors would know, massive federal tailwinds are fueling the U.S. marijuana industry. Evidently, 18 states, two territories, and the District of Columbia currently allow adult recreational use of cannabis. In terms of medical use, 36 states and four territories have made similar moves. With this current wave of legalization, should investors be adding the top weed stocks to their portfolios?

Well, for one thing, the increased legalization would mean increased market value. According to Grand View Research, the global legal marijuana market could be worth $70.6 billion by 2028. This would indicate a significant compound annual growth rate of about 26.7%. In particular, legal marijuana sales in the U.S. are estimated to be $24 billion just this year. Furthermore, accessibility to the calming substance is on the rise as well. For starters, the U.S. Drug Enforcement Agency (DEA) now allows growers to produce marijuana for research. Yesterday’s announcement serves to widen the scope of cannabis research which could ideally lead to more applications. Meanwhile, the state of Connecticut also launched a website to keep the public updated on the latest marijuana laws. This…



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