Making A List Of The Best Marijuana Stocks To Buy? 3 Names Showing Potential This WeekPosted by On

Top Cannabis Stocks And Market Performance

In the first week of February, marijuana stocks continue increasing in the market adding to gains from January. One acquisition occurring last week could have been a big influence on the market. In detail, Jazz Pharmaceuticals plc (NASDAQ: JAZZ) announced it would acquire GW Pharmaceuticals plc (NASDAQ: GWPH) showing big pharma entering the cannabis market. Also, in 2021 states like Illinois are showing cannabis sales growing by 94% in January compared to the prior year. In the same fashion, many other states in the U.S. are showing similar sales trends.

As cannabis reform continues to be a spotlight topic for leading federal lawmakers’ investors are looking for the best marijuana stocks to buy in February. At the present time, top U.S. cannabis stocks have seen significant momentum to start the year. In reality, these companies continue expanding across the U.S. rapidly establishing their market share. Generally, this will be a catalyst to grow revenue for the future.

Pot Stocks Establish New Highs In The Market

Currently, most of the top U.S. pot stocks are reaching new highs in February. In essence, this could make investors reluctant to start new positions at current market levels. But actually, this trend has been consistent since November. With market sentiment looking positive going into the second week in February it’s…

Original Author Link click here to read complete story..

Top Cannabis Stocks And Market Performance

In the first week of February, marijuana stocks continue increasing in the market adding to gains from January. One acquisition occurring last week could have been a big influence on the market. In detail, Jazz Pharmaceuticals plc (NASDAQ: JAZZ) announced it would acquire GW Pharmaceuticals plc (NASDAQ: GWPH) showing big pharma entering the cannabis market. Also, in 2021 states like Illinois are showing cannabis sales growing by 94% in January compared to the prior year. In the same fashion, many other states in the U.S. are showing similar sales trends.

As cannabis reform continues to be a spotlight topic for leading federal lawmakers’ investors are looking for the best marijuana stocks to buy in February. At the present time, top U.S. cannabis stocks have seen significant momentum to start the year. In reality, these companies continue expanding across the U.S. rapidly establishing their market share. Generally, this will be a catalyst to grow revenue for the future.

Pot Stocks Establish New Highs In The Market

Currently, most of the top U.S. pot stocks are reaching new highs in February. In essence, this could make investors reluctant to start new positions at current market levels. But actually, this trend has been consistent since November. With market sentiment looking positive going into the second week in February it’s…



Source link

News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.