Over the past few months, we have witnessed some major positive sentiment in the cannabis industry. With the majority of leading marijuana stocks making some positive movements in that time period, many believe that cannabis stocks may be on the way to reaching new highs. This comes after a several month-long battle with volatility related to the coronavirus. As well as the potential of cannabis being legalized on a federal level. Which has the potential to give many marijuana stocks even more momentum. Now, however, we are seeing the increased demand for cannabis from the quarantine play a role in the financials that leading marijuana stocks are putting out. Of course, it is still too early to claim that we are out of the woods. However, the continued positivity in the cannabis industry is helping to illustrate that we could see a brighter future ahead.
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If we look back earlier in 2020 during the middle of March, the largest marijuana ETF, Horizons U.S. Marijuana Index, posted over 90% in gains. While this movement is not unprecedented for the cannabis industry, it has come as a surprise to most. Mark Noble, VP of strategy at Horizons ETFs Management stated that “I think this is an inflection point where the U.S. market is becoming the dominant market in the global marijuana space.” With this in mind,…
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Over the past few months, we have witnessed some major positive sentiment in the cannabis industry. With the majority of leading marijuana stocks making some positive movements in that time period, many believe that cannabis stocks may be on the way to reaching new highs. This comes after a several month-long battle with volatility related to the coronavirus. As well as the potential of cannabis being legalized on a federal level. Which has the potential to give many marijuana stocks even more momentum. Now, however, we are seeing the increased demand for cannabis from the quarantine play a role in the financials that leading marijuana stocks are putting out. Of course, it is still too early to claim that we are out of the woods. However, the continued positivity in the cannabis industry is helping to illustrate that we could see a brighter future ahead.
[Read More]
If we look back earlier in 2020 during the middle of March, the largest marijuana ETF, Horizons U.S. Marijuana Index, posted over 90% in gains. While this movement is not unprecedented for the cannabis industry, it has come as a surprise to most. Mark Noble, VP of strategy at Horizons ETFs Management stated that “I think this is an inflection point where the U.S. market is becoming the dominant market in the global marijuana space.” With this in mind,…
