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July 21, 2021 5 min read
This story originally appeared on MarijuanaStocks
The Best Marijuana Stocks To Watch Before August
As the market continues its recovery top marijuana stocks are also showing upward momentum. After declining heavily to start the week the best cannabis stocks to invest in are moving higher mid-week. To begin the week, we saw a selloff in the market caused by investors fearful of the coronavirus Delta variant spreading in parts of the world including the US. Another reason for top marijuana stocks to trade lower is cannabis investor’s discontent with how long it’s taking to get federal cannabis legalization and reform passed in Congress.
After months of discussion Senate, Majority Leader Chuck Schumer unveiled a draft of the Cannabis Administration and Opportunity Act. The bill has yet to be introduced formally and currently does not have enough support to get a passing vote in Congress. For new investors, these lower marijuana stock prices could present a lower entry-level into the sector. As it stands the cannabis market is predicted to more