The current trading of marijuana stocks over the last month has built a renewed faith amongst investors and shareholders. Now that the sector is seeing a bit more consistency in momentum some cannabis stocks are starting to recover. Still, investors are approaching marijuana stocks with a bit more caution due to how unpredictable the sector can be.
Most of this uncertainty grew in the last 3 months right after the second week of February. During this time the cannabis sector went through a 12-week downtrend. Although the bulk of the sector was impacted by this drop in trading some marijuana stock even with a drop in trading sustained a decent market position. Starting from May a few factors have contributed to the current recovery of the cannabis sector.
For one due to the progress of cannabis legislation specifically with the possible passing of federal reform, many companies have started to see positive sentiment from It. As well many cannabis companies have been releasing big news and positive earnings. With this as well it has led to an influx of trading moment for many marijuana stocks. With the start of a new week here, many analysts feel the remainder of the month will continue to yield positive results.
Right now many investors are still waiting for a big enough climb to where they can profit off of their investment. Some feel by mid-2021 we may see similar trading levels like back at the start of February where some
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The current trading of marijuana stocks over the last month has built a renewed faith amongst investors and shareholders. Now that the sector is seeing a bit more consistency in momentum some cannabis stocks are starting to recover. Still, investors are approaching marijuana stocks with a bit more caution due to how unpredictable the sector can be.
Most of this uncertainty grew in the last 3 months right after the second week of February. During this time the cannabis sector went through a 12-week downtrend. Although the bulk of the sector was impacted by this drop in trading some marijuana stock even with a drop in trading sustained a decent market position. Starting from May a few factors have contributed to the current recovery of the cannabis sector.
For one due to the progress of cannabis legislation specifically with the possible passing of federal reform, many companies have started to see positive sentiment from It. As well many cannabis companies have been releasing big news and positive earnings. With this as well it has led to an influx of trading moment for many marijuana stocks. With the start of a new week here, many analysts feel the remainder of the month will continue to yield positive results.
Right now many investors are still waiting for a big enough climb to where they can profit off of their investment. Some feel by mid-2021 we may see similar trading levels like back at the start of February where some