Are These Canadian Marijuana Stocks On You 2021 Watchlist?

Marijuana stocks have made some major gains to start the 2021 trading year. In reality, this year will have more capital raising and M&As from top cannabis companies. Currently, most marijuana companies are taking advantage of their newfound notoriety with the 4 largest MSOs selling the stock at a small discount from recent stock pricing…

In fact, the stock market seems to be handling the MSOs offerings well and the pot stocks continue to perform in the market. So far this month Canadian pot stocks to watch have seen the most gains. For example, Aphria Inc. (NASDAQ: APHA) is up almost 80% since the start of January and looks like it could continue pushing higher in pre-market trading.

At the current time, investors are favoring Canadian marijuana stocks because new government leadership is more likely to pass cannabis reform in the U.S. But with Canadian cannabis stocks gaining market value could we see a pullback this week? One factor that could cause price instability this week is the inauguration proceedings. In the hope that everything happens without any further incidents, the stock market should continue to climb this week.

Developments That Could Affect The Cannabis Industry

Granted that with armed troops at the capitol violent protesters will be more reluctant to carry on the way they did on January 6th. While a Democratic-led government could be beneficial to cannabis stocks it could take some time to implement new reform across the U.S. But cannabis investors have been buying up their favorite pot stocks for gains in their portfolio. Since the November election marijuana stocks have seen upward momentum in the market.

As growth continues globally for the cannabis industry, in the U.S., the best-positioned marijuana companies will be able to grow revenue in 2021. In reality, most Canadian marijuana companies have already established some form of entry into the U.S. cannabis market. For the purpose of finding the best Canadian cannabis companies to invest in for…

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