Best Cannabis Penny Stocks In 2021
Are you looking for the best marijuana stocks to buy right now? Currently, in October the top cannabis stocks to invest in are trading near some of the lowest price points seen by investors so far this year. After more than seven months of declines, the best pot stocks have begun to see increased volatility for the past few weeks. With most of the cannabis sector trading near their lower price points, this could be an opportunity for investors looking for short-term gains. One area that is known for having high market volatility is marijuana penny stocks.
Marijuanastocks.com – MarijuanaStocks
Penny stocks are those equities that trade under the $5 mark. In general, these stocks are higher-risk investments but can deliver short-term gains for traders. Currently, many short-term traders use day trading and swing trading methods to produce gains in the market. Overall, the lower prices of penny stocks allow investors to take a larger position with less capital.
This allows for positions that produce gains with smaller moves in the market. In 2021 cannabis penny stocks rallied in the first quarter seeing a significant upside starting the year. In general, this move higher was partly because investors believed the US would pass federal marijuana legalization this year. Now with the possibility that cannabis reform will not happen until 2022, the cannabis sector has dropped substantially.
Top Marijuana Stocks In Q4 2021 Under $1
But for new investors, this could be an opportunity to find top marijuana penny stocks at lower price points. With Congress currently focusing more on federal cannabis reform, there could be a catalyst for the sector in Q4 2021. Before investing in pot stocks, it’s important to research and find the best-performing companies.
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