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July 7, 2021 5 min read
This story originally appeared on MarijuanaStocks
Starting An Investment In Cannabis Stocks In July
To start this week top marijuana stocks pulled back slightly after showing some upward momentum to close out June. Currently, the best cannabis stocks to buy have continued to consolidate near current levels for more than four months. In the US cannabis companies delivered strong earnings in the first quarter and have expanded into new markets during the year. Despite producing a strong quarter, the top marijuana stocks to invest in did not see strong financials turn into market gains.
Instead, top pot stocks have continued to trade at these lower market levels as the year developed. Now in July cannabis investors are looking to establish positions before the cannabis sector begins to rebound. One factor that could be a major catalyst for cannabis stocks is federal legalization and reform. In the US the cannabis industry has been growing on the state level while waiting for lawmakers on Capitol Hill to pass much-needed cannabis reform and federal policy.
Researching Top Pot Stocks Before Investing
Currently, there are a few different bills introduced in Congress that would benefit the cannabis industry if implemented. Given this point, there are many different ways to invest in the cannabis market. Many traders are investing in vertically integrated cannabis companies and ancillary marijuana stocks. Ultimately this gives an investor exposure to more than one area of the cannabis market.
It’s important for investors to research a company and do their due