Top Marijuana Stocks In Q2 2021
Last week some of the top marijuana stocks to buy saw declines in the market. After starting June off with some upward momentum some of the best cannabis stocks to invest in have given back most of the gains established in the first couple of weeks of the month. One event that affected the overall markets this week was a Federal Reserve meeting to address inflation and interest rate concerns.
Although the Fed kicked the interest rate hike into 2022 investors have still taken profits and minimized market exposure last week. Another factor affecting the overall stock market recently is low volume. Earlier in the year the spike in volume propelled cannabis stocks too much higher levels and will be needed to achieve those same results.
Since the pandemic began the cannabis industry has managed to grow rapidly and continues to expand across the US on a state level. Last week Connecticut became the third state to legalize adult-use cannabis in 2021. In conjunction on the federal level, lawmakers continue to push for cannabis reform and we could see some positive results in the next few months.
What’s Moving The Best Cannabis Stocks Right Now
In general, the only momentum the cannabis sector has seen this year coincides with federal cannabis reform and legalization. Essentially this could be a catalyst for top marijuana stocks and give the cannabis sector renewed upward momentum this summer. Currently in the US mergers and acquisitions have continued to make the expansion of cannabis companies much faster in the past two years.
Additionally, most US companies are reporting significant revenue growth in their latest earnings reports. As many top marijuana stocks continue trading lower in the market and performing well for 2021, this could be