Top Cannabis Stocks In Q4 2021
Are you looking for the best marijuana stocks to invest in for September? With the cannabis sector sustaining six months of declines most top cannabis stocks to buy could offer some upside for investors from current market value. In the US leading cannabis companies have been reporting strong earnings and revenue growth in this latest round of financials.
Unfortunately for investors, this has not had any impact on how the cannabis sector has been trading in the market. Instead, top pot stocks continue to trade near their lowest levels in 2021. One factor that’s taken its toll on the cannabis sector is federal cannabis legalization and reform. This summer Senate Majority Leader Chuck Schumer unveiled a draft of the Cannabis Administration and Opportunity Act to gain support for the legislation.
Now in the fourth quarter of 2021 cannabis investors are hoping to see this legislation introduced for a vote in Congress. In the event, any form of federal cannabis reform is passed this could be a huge catalyst for top cannabis stocks. To illustrate in the past any mention of federal cannabis reform has stimulated pot stocks this year. With other legislation like The SAFE Banking Act, and The MORE Act we saw significant upside when they passed in the House of Representatives.
Cannabis Industry Growth In 2021
Nevertheless, regardless of the federal prohibition on cannabis, on the state level, the cannabis industry is growing at a rapid pace. More states continue to implement cannabis legalization whether medical or recreational. This has continued to expand the market and give cannabis companies the ability to continue expanding their presence.
For investors, this could be a good time to put some top marijuana stocks on your list for