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June 17, 2021 6 min read
This story originally appeared on MarijuanaStocks
Best Marijuana Stocks In 2021
Are marijuana stocks on your radar for the summer? In 2021 the cannabis sector has the potential for upward momentum after months of market declines. Now with cannabis reform in Congress, it could just be a matter of time before the US has new federal cannabis policies in place. Essentially this could reignite the cannabis market and push top pot stocks higher this summer.
One area that is considered a high-risk high reward investment is marijuana penny stocks. By definition, penny stocks are any stocks that trade under the $5 mark. Known for extreme market volatility these stocks fluctuate greatly in the market. Because of this market volatility, more investors prefer to trade top cannabis penny stocks on a short-term basis. In general day traders and swing traders capitalize off the rises and fall in stock prices using short-term trades.
Earlier in 2021, some marijuana penny stocks gained notoriety as meme stocks from Reddit and Robinhood investors. This caused these marijuana penny stocks to see significant gains in the market as volume pushed the stocks much higher. One example of a marijuana penny stock that still has the Reddit investor’s interest is Sundial Growers Inc. (NASDAQ:SNDL). In June the meme stock began seeing more mention from the Reddit platform and could be seeing some upside in the near future. Actually, Sundial recently released earnings that impressed investors and beat out other leading Canadian cannabis companies.
Understanding The Risk In The Top Marijuana Penny Stocks To Invest In
Although these cannabis stocks are high risk, they have delivered