As the week of 420 closed top marijuana stocks began showing some upward momentum the last few trading days. With the cannabis market growing rapidly in 2021 more investors are looking for ways to capitalize off new legalization in states like New York, New Mexico, and Virginia. Most analysts are predicting New York cannabis sales could become the second-largest revenue producer behind California.
Specifically, New York is estimated to see $4.2 billion in sales once fully established. As a comparison, California had an estimated $4.4 billion in sales in 2020. At the present time, cannabis sales are expected to grow by a CARG of 19% through the year 2025. At that rate, New Frontier Data analysts project that U.S. cannabis sales will reach $41.5 billion by 2025. In reality, the cannabis industry could be one of the fastest-growing markets for the next few years.
Currently, most leading cannabis stocks are at some of the lowest price points for 2021. This could be a good opportunity for new traders to establish an entry point into the growing cannabis market. At the present time there are some cannabis companies that have been positioning themselves to gain market share in key states. Generally speaking, these companies have been showing substantial revenue growth in their latest earnings reports. In addition, these cannabis companies continue to expand at a rapid rate across the nation.
Finding The Best Marijuana Stocks To Buy In 2021
With…
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As the week of 420 closed top marijuana stocks began showing some upward momentum the last few trading days. With the cannabis market growing rapidly in 2021 more investors are looking for ways to capitalize off new legalization in states like New York, New Mexico, and Virginia. Most analysts are predicting New York cannabis sales could become the second-largest revenue producer behind California.
Specifically, New York is estimated to see $4.2 billion in sales once fully established. As a comparison, California had an estimated $4.4 billion in sales in 2020. At the present time, cannabis sales are expected to grow by a CARG of 19% through the year 2025. At that rate, New Frontier Data analysts project that U.S. cannabis sales will reach $41.5 billion by 2025. In reality, the cannabis industry could be one of the fastest-growing markets for the next few years.
Currently, most leading cannabis stocks are at some of the lowest price points for 2021. This could be a good opportunity for new traders to establish an entry point into the growing cannabis market. At the present time there are some cannabis companies that have been positioning themselves to gain market share in key states. Generally speaking, these companies have been showing substantial revenue growth in their latest earnings reports. In addition, these cannabis companies continue to expand at a rapid rate across the nation.
Finding The Best Marijuana Stocks To Buy In 2021
With…
