Finding The Top Marijuana Stocks In June
Are you looking for marijuana stocks to buy for next week? Currently, in June the cannabis sector is beginning to show some upside after a few months of market declines in the cannabis sector. After starting out 2021 with a huge rally most top cannabis stocks to buy are trading coming off some of their lowest levels this year. For investors, this could be a good time to find the best marijuana stocks to invest in.
But before investing in the cannabis sector there are a few important factors to consider. For one the cannabis sector is one of the more volatile areas of the market. Because of this volatility, it’s important for investors to do their due diligence in a cannabis company before investing. In general, researching a company’s earnings and studying how the stock performs in the market can help you establish better investments for your portfolio.
US Cannabis Companies And Cannabis Stocks In 2021
At the present time, there are some events that could be a future catalyst for marijuana stocks in the future. Currently, the US Congress is voting on the MORE Act which could implement federal cannabis reform in America. This would be a major win for the cannabis industry and could result in upward momentum for top marijuana stocks.
In 2021 the top cannabis companies in the US have been delivering strong first-quarter earnings that have not translated into gains in the market. This has given traders the opportunity to establish positions at better stock prices. But if February highs are a gauge of the stock prices the cannabis market can see there could be significant upside from current trading levels. With this in mind, let’s take a closer look at 2 top US cannabis stocks to add to your watchlist this week.
Marijuana Stocks To Watch
Ayr Wellness Inc.
Ayr Wellness Inc. has been… Continue reading at StreetInsider.com