On Christmas Eve many investors are drinking hot chocolate ready for the Santa Claus rally to bring profit cheers. Historically next week could mark another week of gains for the best marijuana stocks to invest in. In essence, it seems like the bulls believe in Santa, and the last week of trading for the year the market traditionally goes higher. As far as market trends go a strong last week in 2020 could translate to more momentum in January. Although nothing is for certain this trend has only failed 6 times since 1990. And marijuana stocks have spent the week showing upward momentum.
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All things considered, marijuana stocks have been good to cannabis investors in 2020. In reality, people that became shareholders earlier in the year have most likely seen gains in the market. Actually, this week has seen U.S. cannabis stocks like GrowGeneration Corp. (GRWG) continue pushing their high as the week progresses. And most leading cannabis companies in the U.S. followed a similar market trend. Granted that increased legalization in the U.S. has played a big role in the revenue growth many of the top cannabis companies have been reporting. In recent financials, you can see a spike in sales in many marijuana companies across America. Recently this has also begun to take place in Canada as the derivatives market begins to add…
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On Christmas Eve many investors are drinking hot chocolate ready for the Santa Claus rally to bring profit cheers. Historically next week could mark another week of gains for the best marijuana stocks to invest in. In essence, it seems like the bulls believe in Santa, and the last week of trading for the year the market traditionally goes higher. As far as market trends go a strong last week in 2020 could translate to more momentum in January. Although nothing is for certain this trend has only failed 6 times since 1990. And marijuana stocks have spent the week showing upward momentum.
[Read More]
All things considered, marijuana stocks have been good to cannabis investors in 2020. In reality, people that became shareholders earlier in the year have most likely seen gains in the market. Actually, this week has seen U.S. cannabis stocks like GrowGeneration Corp. (GRWG) continue pushing their high as the week progresses. And most leading cannabis companies in the U.S. followed a similar market trend. Granted that increased legalization in the U.S. has played a big role in the revenue growth many of the top cannabis companies have been reporting. In recent financials, you can see a spike in sales in many marijuana companies across America. Recently this has also begun to take place in Canada as the derivatives market begins to add…
