Best Cannabis Stocks In September 2021
To start September the best marijuana stocks began to show some upside in the market. After losing significant value for the past six months, it could be time for a change in trend for top pot stocks. In the US cannabis companies have been delivering strong earnings that have not had any impact on the market. For most of 2021, it seems the cannabis sector is experiencing declines because Congress has not passed federal cannabis legalization and reform.
In the fourth quarter of 2021, we could see the introduction of some form of cannabis reform. In the event, this occurs it could create some upside for top cannabis stocks to buy this year. At the present time, US MSOs are expanding rapidly across the US establishing their market share in the growing cannabis industry. Many analysts believe US cannabis sales are going to more than double in the next five years.
According to a report by Statista sales of recreational cannabis are expected to reach an estimated $42 billion by 2026. For comparison in 2020 cannabis sales in the US came in at $18.9 billion. In the next few months, we could see more states like New Jersey starting their cannabis programs creating new markets for the industry. It’s safe to say that the US cannabis industry and its top-tier companies could be a good place to invest in cannabis long term.
Finding The Best Pot Stocks To Buy Now
For investors researching a companies earnings and studying its stock performance in the market is a good way to establish the best positions. Currently for many retail investors buying top US marijuana stocks is not possible because they trade on the OTC markets. Right now, popular apps like Robinhood and WeBull do not allow the purchase of stocks on