In the last several days of trading, some cannabis stocks were seeing better movement in the market. Fast forward to the present day and the sector is facing some more pullback. Even with now being another…
good time to find top marijuana stocks to buy investors still want to see the sector show more upward consistency. Now there are some factors that could be the reason why most marijuana stocks have not been able to run like they used to.
For starters, a big focus has been on ending cannabis prohibition and enacting federal cannabis reform. One of the bigger issues with ending cannabis prohibition is President Biden mentioning he is in opposition to it and will not be quick to sign off on that type of legislation. While at the same time saying better reform is needed and he will leave it up to individual states. This alone has created a lot of fear about the future laws in the cannabis industry.
However, there is still a big push to legalize the SAFE Banking Act. This particular bill would allow for all banks to work with legal cannabis clients without fear of breaking any federal laws. On the day any one of these possible pieces of federal reform is passed it may cause some marijuana stocks to run. This would be based on investors buying and selling shares with the anticipation of a progressive future with some type of federal reform passed.
The Future Of Marijuana Stocks And The Cannabis Industry
But for now, it’s a waiting game to see what will unfold for the cannabis industry. In addition to finding another catalyst that could help the cannabis sector push back up to levels near what they before mid-February. Just make sure to conduct thorough due diligence before any investment is done. The 2 marijuana stocks to watch below are possible options that may see a rise in trading before the end of the month.
Top Cannabis Stocks To Watch In 2021
Curaleaf Holdings Inc.
Curaleaf Holdings Inc. operates as an integrated medical and wellness cannabis operator in the United States. It operates in two segments, Cannabis Operations, and Non-Cannabis Operations. The Cannabis Operations segment engages in the production and sale of cannabis through retail and wholesale channels. In recent news, Curaleaf announced its new location in New Jersey. This new cannabis storefront located in Bordentown makes for the company’s 109th dispensary nationwide.
The Company also announced the launch of its Select brand in New Jersey, expanding the brand’s reach to 19 states. This venture only adds to what the founder of Curaleaf Boris Jordan touched on in a recent interview. During this interview, Mr. Jordan briefly talks about the progression of his company and business. A well as discussing different parts of the sector and other marijuana companies. In addition to…
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