WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
1 minute reading time (228 words)

Top Marijuana Stocks To Watch In A Down Market? A Reddit Investor Favorite And A Penny Stock

Top Cannabis Stocks To Watch In This Market Downturn

As the market pulls back significantly so are the best marijuana stocks to buy in July. After some upward momentum in June, the top cannabis stocks to invest in are trading at some of their lowest stock prices in 2021. With this drop in the cannabis sector comes the opportunity for investors to add to their positions or start new investments at these lower market values. In reality, these lower values could produce significant upside for top pot stocks once the market begins to recover.

In 2021 many analysts are predicting the cannabis market could rebound this year once certain catalysts come into play. One of those catalysts could be federal marijuana legalization and reform. Last week Senate Majority Leader Chuck Schumer unveiled a draft of the Cannabis Administration and Opportunity Act. This bill has been long anticipated by lawmakers and has been revealed to gain support from stakeholders in Congress.

Unfortunately, moments later there was a statement from the White House on Biden's administration not necessarily backing this bill. Instead, Biden would prefer a bill with slower legalization than the current one presented by Schumer. Biden promised on the campaign trail he would decriminalize cannabis but does not support full legalization at this time. 

www.streetinsider.com


Click here for the entire article

Copyright

© www.streetinsider.com

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

HEMP STOCKS VS. MARIJUANA STOCKS: WHAT YOU NEED TO...
Want to invest in U.S. pot stocks? Here’s what you...

Related Posts


WeedLife.com