2 Marijuana Stocks That Are Starting To Recover This Month
With the excitement of New York legalizing recreational cannabis, some marijuana stocks have started to see better trading. For the global cannabis industry, better marijuana laws are essential. Right now a big focus is centered around the U.S. cannabis industry. This is because of how quickly the industry is growing. For example, more states in 2021 are voting to go legal which will play a factor towards the final goal of federally legalizing cannabis.
If and when marijuana becomes legal on a federal level we may see a big rise in how some of the top marijuana stocks trade. Legalizing cannabis on a federal level will give U.S. cannabis companies the ability to reach their full potential. For example, if a cannabis company from an outside market like Canada or Europe wanted to work with a U.S. cannabis company inside the United States it would then be possible.
This reason also plays a part in why some investors tend to invest in only the top 5 marijuana stocks. Investors want to build a portfolio of cannabis stocks that not only will yield a good return but also has the best growth potential. In the current state of the market and the industry, there has been a lot of ups and downs but none the less the consistent growth has continued.
In recent trading, some pot stocks are slowly starting to recover as others are still looking to build more momentum. For the cannabis stocks still waiting to see better trading, there is still time left to determine which of those are good marijuana stocks to buy. Currently in 2021 many investors have seen a great deal of volatile and speculative trading. However, with much promise of the future marijuana stocks may see better market levels during April.
Marijuana Stock Watchlist For April
Abbvie Inc.
Abbvie Inc. has been one of the more volatile marijuana stocks to watch over the last year. A great deal of past trading is made up of peaks and valleys. Over the last 12 months of trading ABBV stock has been able to rise in trading seeing solid market levels that ultimately dropped right after its climb. Yet even with an up and down pattern of trading overall the company has been able to rise in the market. In the last year ABBV stock has increased in trading by 48 percent.
Some may see this as a small growth but in comparison to previous trading ABBV stock is in an all-around better market position. In February ABBV stock started the month with a subtle pick up in trading going from $102.30 a share on the 1st to $108.73 on the 5th. During this time ABBV stock reached a small gain of 6 percent. However, this opening push made not be as big as other cannabis stocks during this time small gains are better than no gains.
After the first week of trading in February started to slightly dip but was able to maintain a decent market-level heading into March. The first half of March ABBV stock had trouble picking up momentum. Yet from the 8th to the 16th the company had a nice climb in trading before dipping down. However, in the last few days of March ABBV stock started to recover heading into April. Currently, ABBV stock is up from the previous trading and looks to keep this uptick for as long as they can.
[Read More]
- Did Marijuana Stocks Just Rally Today? 2 That Saw Gains In The Market
- Making A Cannabis Stock Watchlist For April 2021? 2 Marijuana Penny Stocks Under $4
Fire & Flower Holdings Corp.
Fire & Flower Holdings Corp. like many other cannabis stocks to watch has increased its trading in the last year. In the last 12 months, FFLWF stock has gone up by over 200 percent. Though some investors remain cautious of this marijuana stock they can’t deny its overall market growth. In just the last 2-3 months, FFLWF stock has been working to see better trading.
The start of the new year for FFLWF stock started a bit slow but the company was able to see an uptick in trading heading in the following month. At the start of February, FFLWF stock saw a nice boost in trading momentum. In the first week of the month FFLWF stock reached gains of 14 percent. This momentum the company had continued into the next week of trading. From the 5th of February to the 10th FFLWF stock continued its climb reaching gains of 46 percent during that time.
Shortly after the 10th the company had a slight dip in trading but made a nice recovery to an even higher market level than earlier in the month. At the tail end of February, FFLWF stock started to drop again. Yet overall held a higher market position than at the start of the month. When trading in March began FFLWF was not able to keep up and traded down most of the month. Right now at the start of April FFLWF stock has now once again begun to see a small recovery in trading. Investors are keeping an eye out to see if things will pick up even more for this marijuana stock to watch.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
