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June 8, 2021 5 min read
This story originally appeared on MarijuanaStocks
2 Marijuana Stocks That Are Slowly Starting To Recover In The Market
Currently in June marijuana stocks are still building more momentum. Which has been much needed after the last 12 weeks of trading. However, even as parts of the sector start to recover there is still time to find good marijuana stocks to buy. In the last 3 months starting from the second week of February cannabis stock drastically dropped in price.
As mentioned above the sector fell so much that even at it rises some cannabis stocks to watch still show good entry points. Analysts feel at some point in the near future marijuana stocks will see consistent trading at higher market levels. So until then, many investors are working on lowering their guard when searching for the best marijuana stocks to buy.
The reason many investors are throwing caution to the wind with cannabis stocks is due to the recent drop in the sector. Because of this drop investors are a bit nervous when investing in marijuana stocks. Yet since the second half of May, the sector started to build back some of its lost momentum. This recent increase in trading has brought back some renewed faith in marijuana stock investing.
Also, another momentum driver has been the potential passing of federal cannabis reform. In addition to this many cannabis companies have released their current earning report. With the release of the earnings positive sentiment has resonated well for the sector leading to better trading for some marijuana stocks to watch.
Right now it’s a waiting game to see