As we end the second week in May the best marijuana stocks to invest in have continued to decline in the market. Although this is unfortunate for current investors it does create a possible buying opportunity for new traders. As leading US cannabis companies like Green Thumb Industries Inc. (OTC: GTBIF) report strong earnings it is not having a positive effect on GTBIF stock performance.
In reality, this market trend can be seen across many leading marijuana stocks to invest in with mostly all pot stocks closing the trading day in the red. So now the question is which marijuana stocks to buy will give the largest returns in May? One area on the market that continues to perform well is the US cannabis sector. Initially, more investors were focusing on Canadian cannabis stocks until after February.
Now with the federal government slowly moving on cannabis reform, the focus has changed to the American cannabis stocks. As it stands US cannabis companies are expanding into what is forecast to be the largest cannabis market in the world. By 2026 according to a BDSA forecast US sales could reach $41.3 million. As a comparison globally cannabis sales are forecast to reach $55.9 million in the same year. This shows how large of a percentage the US accounts with almost 3/4 of the revenue coming from the American market.
Finding Value In The Best Pot Stocks To Invest In
In the US cannabis market, there is plenty of opportunities…
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As we end the second week in May the best marijuana stocks to invest in have continued to decline in the market. Although this is unfortunate for current investors it does create a possible buying opportunity for new traders. As leading US cannabis companies like Green Thumb Industries Inc. (OTC: GTBIF) report strong earnings it is not having a positive effect on GTBIF stock performance.
In reality, this market trend can be seen across many leading marijuana stocks to invest in with mostly all pot stocks closing the trading day in the red. So now the question is which marijuana stocks to buy will give the largest returns in May? One area on the market that continues to perform well is the US cannabis sector. Initially, more investors were focusing on Canadian cannabis stocks until after February.
Now with the federal government slowly moving on cannabis reform, the focus has changed to the American cannabis stocks. As it stands US cannabis companies are expanding into what is forecast to be the largest cannabis market in the world. By 2026 according to a BDSA forecast US sales could reach $41.3 million. As a comparison globally cannabis sales are forecast to reach $55.9 million in the same year. This shows how large of a percentage the US accounts with almost 3/4 of the revenue coming from the American market.
Finding Value In The Best Pot Stocks To Invest In
In the US cannabis market, there is plenty of opportunities…
