Cannabis stocks have been at the top of the growing market for quite some time now, but with impending legislation hoping to make the world of marijuana even bigger, it looks like cannabis’ time has yet to come fully. Cannabis stocks have managed to grow substantially over the course of the past several years, but many new companies have come to fruition with the growing legislation mentioned prior.
The market has not only grown in terms of companies that are physically growing cannabis, but many new companies have emerged offering entirely new products for the market, rather than building on older ideas. These companies have been met with an overwhelming amount of support as they bring new ideas and business into the industry.
AmeriCann Inc. (OTCMKTS: ACAN) is one of the companies that has been working to push the industry forward. AmeriCann presents itself as a company that works in real estate and services regarding the facilities that are used in the cannabis market. ACAN has worked to help secure licensing for cannabis companies as well in the past, helping to give the smaller guys in the industry a larger voice. At the beginning of the year, ACAN among other stocks saw a downtrend given the speculative news in the industry, but the company has managed to bounce back quite substantially, jumping over 61% in value since the beginning of April.
Next on the list is a company that many know throughout the market. Aurora Cannabis Inc. (OTCMKTS:ACBFF) is one of the bigger players in the industry and at the forefront of the Canadian market. Aurora has worked to help provide medical-grade cannabis products at reasonable prices. Aurora is one of the companies that many investors have put on their lists due to the amazing amount of potential they hopefully have to grow. With legislation likely going into place this summer throughout Canada to make recreational cannabis nationally legal, the hopes are high that Aurora can continue to grow. ACBFF did have a rocky start among other companies, but since the beginning of April, they have begun to stabilize and look as though they could see an uptrend in the near future.
The American Cannabis Company (OTCMKTS: AMMJ) is another company that investors have been watching. AMMJ promotes themselves as a consulting firm to any individual who wants to grow a business in the new and emerging space on cannabis. American Cannabis can help with a wide variety of tasks in the industry including licensing, establishing a market, cultivating and more. AMMJ is one of the stocks that the industry has seen have high volatility, but this is characteristic of many stocks in the market.
Due to the fact that much of the news that hits the industry leads to speculative increases or decreases, it can often be hard to tell the true value of a company. The hopes are that this speculation will begin to slow down in the near future. AMMJ has been considered to be slightly risky due to this, but as the market is able to settle down in the coming years, so will the price volatility of AMMJ.
As mentioned above, the market on cannabis is still very much in its infant stages. The coming years will be very incremental to the future of the cannabis industry. With new legislation happening on a daily basis, and individuals helping to grow the market, the hopes are that the paradigm will begin to shift in the favor of cannabis even more than it is today. Only time will tell.