Best Cannabis Stocks In 2021
Are you looking for top marijuana stocks to invest in before October? In September the best cannabis stocks to buy have seen significant market volatility throughout the month. Last week the cannabis sector received a boost when Congress passed the SAFE Banking Act through the House. This week the House is expected to vote on the MORE Act which could generate some upward movement in the market for the cannabis sector. So far in 2021 US marijuana legalization has been a catalyst for movement in the market in the first quarter.
Now as the possibility resurfaces in the fourth quarter it creates some upside in pot stocks. One way many more investors are locking in short-term gains is by trading top marijuana penny stocks. For those not familiar with penny stocks these are any stocks that trade under the $5 mark. Some investors use day trading and swing trading methods to take advantage of the price fluctuations in these volatile positions.
Because of lower price points, investors can establish larger positions with less capital. This allows them to make larger returns as the price fluctuates in the market. Some of these cannabis penny stocks became favorites of Reddit investors and are also heavily traded by retail traders using the Robinhood Markets, Inc. (NASDAQ:HOOD) and WeBull platforms.
Investing In Penny Stocks The Risk And Rewards In 2021
For investors, it’s always important to do your due diligence on a company before investing. Researching a company’s financials and following how the stock performs in the market can help you achieve the best returns on your investments. With pot penny stocks it’s important to keep a close eye on the market because things sometimes move rather quickly. To close out September the cannabis sector is seeing an uptrend in trading for most cannabis