Are you looking for ways to invest in marijuana stocks in 2021? In the first week of May, most top marijuana stocks showed some upward momentum early in the week. After suffering through a few months of downward pressure the cannabis sector appears to be showing some upside. At the present time, there are many aspects of the cannabis industry that are showing significant growth potential.
In Illinois, adult-use sales grew by 209% in April producing combined sales for the month of $150 million. According to BDSA data, California sales grew in March by 26.5% from the prior year. Currently in the US 38 states and Washington DC have medical marijuana programs with 17 of those states having recreational adult use.
Many investors want to gain exposure to the cannabis market but before investing there are a few things to get familiar with about top pot stocks in 2021. So far this year the cannabis sector has shown its traditional market volatility. Because of this more investors prefer to use short-term trading methods when it comes to cannabis stocks. Other cannabis investors use a combination of short- and long-term trading methods taking profits when the market gains and adding to positions when it declines.
Finding The Best Cannabis Investments Right Now
Regardless of your trading style, it’s important to do your due diligence on a company before investing. In general, researching a company’s finances and studying how a stock…
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Are you looking for ways to invest in marijuana stocks in 2021? In the first week of May, most top marijuana stocks showed some upward momentum early in the week. After suffering through a few months of downward pressure the cannabis sector appears to be showing some upside. At the present time, there are many aspects of the cannabis industry that are showing significant growth potential.
In Illinois, adult-use sales grew by 209% in April producing combined sales for the month of $150 million. According to BDSA data, California sales grew in March by 26.5% from the prior year. Currently in the US 38 states and Washington DC have medical marijuana programs with 17 of those states having recreational adult use.
Many investors want to gain exposure to the cannabis market but before investing there are a few things to get familiar with about top pot stocks in 2021. So far this year the cannabis sector has shown its traditional market volatility. Because of this more investors prefer to use short-term trading methods when it comes to cannabis stocks. Other cannabis investors use a combination of short- and long-term trading methods taking profits when the market gains and adding to positions when it declines.
Finding The Best Cannabis Investments Right Now
Regardless of your trading style, it’s important to do your due diligence on a company before investing. In general, researching a company’s finances and studying how a stock…
