These Marijuana Stocks To Watch May Be Top Gainers This Month
As trading in March is underway cannabis stocks are starting to pick up more momentum. In the last 2 weeks, some cannabis stocks have dropped in the share price. This is due to how volatile cannabis stocks can be. However, it seems to be the recent trading pattern most marijuana stocks have exhibited where they will have an uptick in trading before dropping.
Now some may see this as more of a risk when looking to invest in the cannabis industry. However, for some investors, it’s a good chance to find the best marijuana stocks to buy at a good entry point. If you can find cannabis stocks to buy a cheaper share price you can potentially see a decent return if the company can recover from its dip. That’s why it’s always important to research all you can before investing in any stock.
Before you invest in marijuana stocks understanding not only the market but the company is essentially in the process. Just because a particular cannabis company had few good days of trading doesn’t always mean that it’s a good investment. This is why learning all you can beforehand is helpful. Now with the cannabis sectors picking up more steam from the end of February, many are waiting to see what unfolds with cannabis legislation on the federal and state level.
So far there are more than 30n states that have enacted some form of cannabis legislation. This has led to states developing new cannabis markets and has allowed MSO marijuana companies to enter those markets as well. When progress like this happens it has the potential to resonate well for marijuana stocks.
How To Pick The Right Marijuana Stocks
As mentioned above before you look for marijuana stocks to buy learning all you can is a must. For example, building a list of potential cannabis companies you like to invest in is a good start. From there you can research each company from trading history current news and financials. This will help determine if that particular cannabis company is a good investment for the long or short term.
Next getting a feel of the market and how cannabis stocks to trade. Now not all stocks perform the same but learning how the market works to some degree will help when it comes to trade. Most investors tend to pick the top marijuana stocks by market cap or performance but that doesn’t mean there aren’t other plays that may be profitable.
This comes down to how much time you put into educating yourself on trading marijuana stocks all while having the most up-to-date and accurate info on each cannabis stock. With 2021 starting with a good push there is much anticipation for the future. Below are a few cannabis stocks that have the potential to see more positive sentiment as things progress for the sector.
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Marijuana Stocks To Watch This Month
- Aphria Inc. (NASDAQ:APHA)
- Curaleaf Holdings Inc. (OTC:CURLF)
Aphria Inc.
Aphria Inc. has been on many cannabis stocks to watch since mid-2020. In recent news, the company has become apart of one of the biggest mergers in the cannabis industry. Aphria Inc. and Tilray Inc. have joined forces to create the largest marijuana company in the cannabis industry. This has led to a large amount of speculation about each company.
In the last 6 weeks of trading, APHA stock has picked up some nice market momentum. APHA stock initially saw a rise in trading at the start of the new year. Since then APHA has been able to sustain its upward trend in the market. In the first month of trading for the company APHA stock saw gains of 66 percent before heading into February. During the month of February, APHA stock had another spike in trading before dipping at the end of the month.
In the first 2 weeks of February APHA stock was able to rally to new all-time highs. However APHA stock is down from this point the company was able to see a total monthly increase of 42 percent in trading for February. Now that March is underway APHA stock is looking to pick up more momentum as trading continues.
Curaleaf Holdings Inc.
Curaleaf Holdings Inc. has been one of a few marijuana stocks some investors feel hold more long-term value as a vertically integrated company. In the last 2 months, CURLF stock has picked up some positive sentiment. In the first week of the new year, CURLF stock saw a nice upward push that allowed some investors to profit off this move. January 4th to the 8th CURLF stock saw gains of 5 percent.
Pushing forward from the 5th to the 14th CURLF stock continued to push up before dipping back down the rest of January. When February started the company once again was able to have an upward push in trading. In the first week of trading for February CURLF stock reached gains of 12 percent. Overall for the whole month of trading during this time CURLF stock had a 12 percent increase in trading. Now that a new month of trading has started there is much to be seen for this marijuana stock to watch this year
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