The MarketWatch News Department was not involved in the creation of this content.
Jan 14, 2022 (Marijuana Stocks via COMTEX) —
Best Cannabis Stocks While Marijuana Stocks Are Down
Are you looking for the best marijuana stocks to buy for 2022? Since the start of the year, cannabis stocks have continued to decline as January is progressing. In general, the declines in the cannabis sector are associated with delays in US federal marijuana legalization and reform. One area that has declined significantly in recent trading weeks is ancillary marijuana stocks. In specific ancillary companies are those companies that support the cannabis market without touching the actual plant.
Some of these companies supply the necessary equipment and nutrients needed to grow cannabis across the US. In 2022 as new states legalize medical and recreational use the cannabis industry is rapidly expanding across the US. As demand increases cannabis producers need to increase their production and continue cultivation. For the next five years, the cannabis industry is forecast to more than double in size.
According to a recent report from Prohibition Partners global cannabis sales are forecast to grow from $37.4 billion in 2021 to reach $102 billion by 2026. This growth gives the cannabis market future potential for investors. One area that is positioned well for growth is companies that supply hydroponics, lighting equipment, and plant nutrients for…
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The MarketWatch News Department was not involved in the creation of this content.
Jan 14, 2022 (Marijuana Stocks via COMTEX) —
Best Cannabis Stocks While Marijuana Stocks Are Down
Are you looking for the best marijuana stocks to buy for 2022? Since the start of the year, cannabis stocks have continued to decline as January is progressing. In general, the declines in the cannabis sector are associated with delays in US federal marijuana legalization and reform. One area that has declined significantly in recent trading weeks is ancillary marijuana stocks. In specific ancillary companies are those companies that support the cannabis market without touching the actual plant.
Some of these companies supply the necessary equipment and nutrients needed to grow cannabis across the US. In 2022 as new states legalize medical and recreational use the cannabis industry is rapidly expanding across the US. As demand increases cannabis producers need to increase their production and continue cultivation. For the next five years, the cannabis industry is forecast to more than double in size.
According to a recent report from Prohibition Partners global cannabis sales are forecast to grow from $37.4 billion in 2021 to reach $102 billion by 2026. This growth gives the cannabis market future potential for investors. One area that is positioned well for growth is companies that supply hydroponics, lighting equipment, and plant nutrients for…
