These Marijuana Stocks Are Gaining More Attention This Month
Marijuana stocks are showing a bit more volatility in recent trading as prices are beginning to fluctuate. In yesterday’s trading, much of the sector was facing a bit of pullback. This allowed for more people to find top marijuana stocks to buy. Right now the cannabis sector is still recovering from the recent downtrend that just passed. Some cannabis companies are still feeling the impact of that drop in trading.
Although as far as business and operations much of these publicly traded cannabis companies are performing well. Some cannabis companies have even joined forces through M&A. This has created what is being called super cannabis companies. In addition to that more states have passed some form of cannabis legislation. With more states voting to go legal it will only add more value to the overall growth of the cannabis industry.
Back in 2020, the U.S. cannabis industry generated over $17.5 billion in legal cannabis sales. With 2021 just getting started many analysts feel this year will bring even more revenue than 2020 for legal cannabis sales. As well there is still the fight for legalizing cannabis on a federal level. Within the legal cannabis industry, the biggest obstacle has been better legislation. For quite some time now the biggest hurdle through all this progress is ending cannabis prohibition.
With federal cannabis, reform enacted it will allow for more ventures to take place that were once federally illegal. As well some believe it may help to drive some potential momentum for marijuana stocks. Over the progress and future of the cannabis industry looks to be a promising one. Just make sure to do your research before any investments are made. Below are a few marijuana stocks to consider if you are looking to invest in cannabis