Free Book Preview Cannabis Capital
Learn how to get your business funded in the Cannabis economy!
July 8, 2021 5 min read
This story originally appeared on MarijuanaStocks
Investing In Penny Stocks In July 2021
If you’re looking for marijuana stocks to buy right now, you are not alone. In 2021 many new investors made their way into the retail stock market and cannabis stocks in particular. Since the pandemic, the shutdown of global economies has left many without jobs and the stock market offered a wealth-building opportunity. With an influx of new investors, the stock market expanded greatly in this area.
In the first quarter of 2021 new investors found a handful of stocks that have become known as meme stocks. These stocks became favored by new investors on the Reddit platform. This coupled with investors on the popular new investment platform Robinhood fueled some major volume and drove these stocks much higher. Now as the aftermath unfolds top marijuana penny stocks are trading much lower in the market.
For those that don’t know penny stocks are securities that trade under the $5 price point. At the top of the year, cannabis penny stocks saw the most gains as the year began. Although now they are trading much lower this could be an opportunity to establish a position before they recover fully. But before investing in penny stocks there are a few factors to consider.
Top Marijuana Penny Stocks And Making Profitable Investments
For one penny stocks are known to be some of the more volatile stocks on the market. This makes them a high-risk investment that requires close attention. One way more traders are making profitable investments is by doing their own due diligence.
Ultimately researching a company