How To Invest In Cannabis Stocks This Summer
Are you looking for top marijuana stocks to invest in this summer? So far in July, the cannabis sector continues to see some upside in trading. Currently, many top marijuana stocks to buy are trading significantly lower than the highs achieved this year. This was a result of a pullback in the cannabis sector after the overall market saw a major sell-off in February. For the past four months, top pot stocks have been consolidating near some of their lowest stock prices this year.
Although marijuana stocks have been somewhat volatile in 2021 the growth prospects of the cannabis industry for the next five years make some of the top cannabis stocks attractive for the long term. According to a recent report from Statista US sales of legal recreational cannabis are expected to reach an estimated $42 billion by 2026. This would be more than double the size of the current revenue the US cannabis market is producing.
Upward Momentum For Top Pot Stocks On Your Watchlist
In the first quarter of 2021 top cannabis companies produced strong earnings growth and continue to perform well in 2021. Despite these strong earnings in Q1 top marijuana stocks remained trading lower in the market. This has given investors the opportunity to find top cannabis stocks to buy at lower entry levels.
Starting in June the cannabis sector has begun to recover some of the value it shed after mid-February. For the most part, US pot stocks have seen some better market value to start July. With this in mind, we can take a closer look at some top marijuana stocks for your watchlist next week. As market conditions continue to improve for the