While many investors may have given up on marijuana stocks and the cannabis industry altogether. As it stands it seems as though there is still a very bright future ahead. Currently, there are a handful of leading pot stocks that have continued to perform well in the face of coronavirus. And while the cannabis industry may not be the safest due to its constant volatility, it does have a lot going for it in the next few years. Back in 2018 when things were beginning to take hold for legal cannabis, investors got over-hyped by the future of the industry. With prices skyrocketing and demand not meeting expectations, we saw a solid few months of consecutive losses.
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Now, the coronavirus has taken cannabis stocks back closer to their intrinsic values. And with that, we are finally beginning to see constant gains in the industry. In the U.S., there are 35 states along with Washington D.C. that have legalized medicinal marijuana. 11 states in the country have legalized cannabis for recreational use. With that in mind, the final frontier of national cannabis legalization still remains on the forefront. But, recently, it’s beginning to look like there is a lot of positive optimism for the future of cannabis stocks. So with that, what do we have to look forward to for the short and long-term of marijuana stocks?
The…
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While many investors may have given up on marijuana stocks and the cannabis industry altogether. As it stands it seems as though there is still a very bright future ahead. Currently, there are a handful of leading pot stocks that have continued to perform well in the face of coronavirus. And while the cannabis industry may not be the safest due to its constant volatility, it does have a lot going for it in the next few years. Back in 2018 when things were beginning to take hold for legal cannabis, investors got over-hyped by the future of the industry. With prices skyrocketing and demand not meeting expectations, we saw a solid few months of consecutive losses.
[Read More]
Now, the coronavirus has taken cannabis stocks back closer to their intrinsic values. And with that, we are finally beginning to see constant gains in the industry. In the U.S., there are 35 states along with Washington D.C. that have legalized medicinal marijuana. 11 states in the country have legalized cannabis for recreational use. With that in mind, the final frontier of national cannabis legalization still remains on the forefront. But, recently, it’s beginning to look like there is a lot of positive optimism for the future of cannabis stocks. So with that, what do we have to look forward to for the short and long-term of marijuana stocks?
The…
