Top Marijuana Stocks Watch For A Rebound Next Month
Marijuana stocks are working to see better trading in the market. Since mid-February, many of the top marijuana stocks in the market have dropped in trading. Now in that time, small spikes in trading have occurred but overall a decrease in momentum has happened. Some investors are taking this time to look for the best marijuana stocks to buy. Others are holding their current position as they wait to see better trading in the near future. The current strategy that is taking place is buying the dips.
However just because marijuana stocks are dipping doesn’t always mean they will recover to previous highs. A way to mitigate this risk to research each marijuana stock beforehand. You want to look at past trading patterns and see if similar dips and recoveries have happened. By doing this it will give better insight into whether a pot stock stands a good chance to recover. Regardless of the situation anytime a person is about to invest in anything always do your homework. With how volatile marijuana stocks trade you want to give yourself the best chance at seeing a good return.
Marijuana Stock Market Info And Industry Updates
Right now some investors are a bit nervous to keep investing with this current downward pattern of trading. Even though buying low and selling high is the standard with stocks how long before they shoot back up is the question. Currently, it is a waiting game on when cannabis stocks will start to see better trading. Yet while investors wait the cannabis industry is continuously growing and evolving. 2021 has started with a big push around cannabis legislation which has helped some marijuana stocks to have better days in the market. So as things push forward shareholders are just waiting for the chance to see a nice return on their investment.
Cannabis Stocks To Watch This Month
Green Thumb Industries Inc.
Green Thumb Industries Inc. is a marijuana stock that even in a downtrend has been reaching new market levels since back in 2020. The company over the last year between new ventures and market performance has garnered the attention of more investors. In the last year, the company has opened more dispensaries as well as taking on new partnerships.
Just last week the company announced that it will be opening its 56th retail which is set to open on March 31st in Pennsylvania. Yet with this current downtrend in trading, some investors are looking at Green Thumb as marijuana stock to buy. Looking back at the start of 2021 to now GTBIF stock even with a loss in trading is still holding a decent market position. In the first 2 weeks of the new year, GTBIF stock shot up by 13 percent.
This initial push created enough momentum to see better trading the remainder of January. Moving into February GTBIF stock had a boost in trading that led to GTBIF stock reaching new all-time highs. Since reaching these highs GTBIF stock has slightly dropped in trading. Yet as mentioned above the company has maintained a higher market level than at the start of the new year. So as investors wait for the market to recover Green Thumb remains a top marijuana stock in 2021.
Tilray Inc. has certainly had better days of trading in the past. However, towards the end of 2020, the company partnered with cannabis company Aphria Inc. this venture has formed the biggest cannabis company in the world. This venture put Tilray back in the spotlight for a bit but even with this news trading stayed the same. Even though the company has had trouble seeing better trading at the start of the new year TLRY stock started to rise in trading.
January 4th to the 8th TLRY stock produced a nice 25 percent increase in the market. This uptick continued till the 19th of January shortly after there was a small dip at the end of January. Pushing forward trading in February started with another boost in trading. In the first 2 weeks of February, TLRY stock saw one of the biggest runs in trading over the last year. This run made for a 234 percent increase in trading. As well it gave shareholders a chance to finally see a return for those who held their position till that time.
Right after this upward push TLRY stock started to drop once more. The rest of February TLRY stock was trading down. However, even with the company trading down it currently has a higher position than at the start of February. Currently in March TLRY stock has yet to see any recovery in trading. Some investors feel TLRY stock may not be worth the risk but only time will tell what will happen. For now, it’s all a waiting game to see how TLRY stock trades once marijuana stocks start to recover.
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