Are you looking for a way to invest in top marijuana stocks in May? Currently, there are a few events that could affect how cannabis stocks trade in the market this week. In 2021 one of the biggest catalysts for the cannabis industry has been legalization on the state and federal level. This week we may see a new cannabis reform and legalization bill introduced in the house.
The MORE Act could be refiled sometime as soon as this week with some new terms. Although last time this bill was passed in the house it fell short in the Senate it could find more support this time around. With more states legalizing cannabis in 2021, the industry is expanding rapidly in the US. This has resulted in leading US cannabis companies reporting strong earnings as demand continues to increase in established and new markets.
One thing to take note of is that although the top cannabis companies are delivering strong earnings it has not translated into gains in the market. In general, the cannabis sector rallied at the top of the year but has since declined in value for the past few months. This has created an opportunity for investors to get into some of the top marijuana stocks to buy at lower stock prices.
Marijuana Stocks And Market Performance
Before investing in cannabis stocks, theirs a few things to know about the marijuana sector. For one the top marijuana stocks to invest in are known for having extreme market volatility. This has made it much…
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Are you looking for a way to invest in top marijuana stocks in May? Currently, there are a few events that could affect how cannabis stocks trade in the market this week. In 2021 one of the biggest catalysts for the cannabis industry has been legalization on the state and federal level. This week we may see a new cannabis reform and legalization bill introduced in the house.
The MORE Act could be refiled sometime as soon as this week with some new terms. Although last time this bill was passed in the house it fell short in the Senate it could find more support this time around. With more states legalizing cannabis in 2021, the industry is expanding rapidly in the US. This has resulted in leading US cannabis companies reporting strong earnings as demand continues to increase in established and new markets.
One thing to take note of is that although the top cannabis companies are delivering strong earnings it has not translated into gains in the market. In general, the cannabis sector rallied at the top of the year but has since declined in value for the past few months. This has created an opportunity for investors to get into some of the top marijuana stocks to buy at lower stock prices.
Marijuana Stocks And Market Performance
Before investing in cannabis stocks, theirs a few things to know about the marijuana sector. For one the top marijuana stocks to invest in are known for having extreme market volatility. This has made it much…
