Cannabis Stocks As The Market Recovers
Today in the market top marijuana stocks recovered some of the value lost in the last couple of trading days. After a significant plunge in the market, the best cannabis stocks to buy have seen upward momentum after coronavirus Delta variant fears ravished most of the market yesterday. Currently, investors fear the market is at risk of a significant correction and that economic growth has already peaked in 2021.
But the cannabis sector has a few catalysts that could provide upside this year. For one federal marijuana legalization and reform have been a hot topic since the presidential election. Last week Senate Majority Leader Chuck Schumer unveiled a draft of the Cannabis Administration and Opportunity Act. But as things continue to slowly progress on Capitol Hill some analysts are not basing their investments in cannabis solely on the federal legalization narrative.
On the state level, the cannabis industry has been growing at a rapid rate. As more states implement cannabis markets leading marijuana companies are moving in quickly to establish their market share. As many top-tier marijuana companies are scheduled to report earnings in the next few weeks it could be time to add these cannabis stocks