As we close out this week are the top marijuana stocks on your watchlist for July? From current trading values, many analysts believe the cannabis sector could see significant upside in the second half of the year. In the first quarter of 2021, the cannabis sector rallied on the belief cannabis would be federally legal sometime this year. Although this has yet to happen currently there are many lawmakers pushing for cannabis reform on Capitol Hill.
Also, recent comments from Supreme Court Justice Clarence Thomas on outdated federal cannabis policies have reignited attention to the need for federal policy change. One area of the cannabis sector that has seen tremendous upward momentum earlier in the year is marijuana penny stocks. For those not familiar with penny stocks according to the SEC, these are any stocks that trade under the $5 mark. Currently, penny stocks are heavily traded by retail investors. Since the pandemic, this pool of traders has grown substantially.
One particular platform that saw an influx of new investors is the popular investment app Robinhood. This retail fueled a surge in the market that propelled many leading penny stocks and meme stocks to new highs until around mid-February. That’s when a big decline in the overall markets has left many stocks trading at much lower levels than their February highs.
Understanding Cannabis Stocks And How They Perform In The Market
Before investing in marijuana penny stocks there…
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As we close out this week are the top marijuana stocks on your watchlist for July? From current trading values, many analysts believe the cannabis sector could see significant upside in the second half of the year. In the first quarter of 2021, the cannabis sector rallied on the belief cannabis would be federally legal sometime this year. Although this has yet to happen currently there are many lawmakers pushing for cannabis reform on Capitol Hill.
Also, recent comments from Supreme Court Justice Clarence Thomas on outdated federal cannabis policies have reignited attention to the need for federal policy change. One area of the cannabis sector that has seen tremendous upward momentum earlier in the year is marijuana penny stocks. For those not familiar with penny stocks according to the SEC, these are any stocks that trade under the $5 mark. Currently, penny stocks are heavily traded by retail investors. Since the pandemic, this pool of traders has grown substantially.
One particular platform that saw an influx of new investors is the popular investment app Robinhood. This retail fueled a surge in the market that propelled many leading penny stocks and meme stocks to new highs until around mid-February. That’s when a big decline in the overall markets has left many stocks trading at much lower levels than their February highs.
Understanding Cannabis Stocks And How They Perform In The Market
Before investing in marijuana penny stocks there…
