After March lows many of the top marijuana stocks have had a steady increase in momentum. During last week’s trading on December, 18th marijuana stocks like Cansortium Inc (CNTMF Stock Report) and GrowGeneration Corp.(GRWG Stock Report) ended the week with some gains. Many analysts have said that this increase in trading is due to not only this pandemic but current changes surrounding the industry. As of late, the cannabis industry is dealing with adapting to new markets since 5 new states have gone legal. Which will help to drive additional revenue i the U.S cannabis market. Another factor and probably the most important is whether or not the Senate will pass the MORE Act.
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Now while many of the top marijuana stocks have seen an increase in the market some have not. To elaborate just because a particular marijuana stock may have dropped or hasn’t picked up momentum doesn’t mean it doesn’t have value. In fact, some of the best methods of trading are to wait to buy low so you can sell high. Especially in a market where most cannabis stocks are volatile. At any time is pot stock drops, there are usually investors willing to come in to buy cheap and hold for the near future. As it stands projections continue to highlight multi-billion growth for the next decade long period. Because of this, investors see this as…
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After March lows many of the top marijuana stocks have had a steady increase in momentum. During last week’s trading on December, 18th marijuana stocks like Cansortium Inc (CNTMF Stock Report) and GrowGeneration Corp.(GRWG Stock Report) ended the week with some gains. Many analysts have said that this increase in trading is due to not only this pandemic but current changes surrounding the industry. As of late, the cannabis industry is dealing with adapting to new markets since 5 new states have gone legal. Which will help to drive additional revenue i the U.S cannabis market. Another factor and probably the most important is whether or not the Senate will pass the MORE Act.
[Read More]
Now while many of the top marijuana stocks have seen an increase in the market some have not. To elaborate just because a particular marijuana stock may have dropped or hasn’t picked up momentum doesn’t mean it doesn’t have value. In fact, some of the best methods of trading are to wait to buy low so you can sell high. Especially in a market where most cannabis stocks are volatile. At any time is pot stock drops, there are usually investors willing to come in to buy cheap and hold for the near future. As it stands projections continue to highlight multi-billion growth for the next decade long period. Because of this, investors see this as…
