Marijuana Stocks To Buy Under $2 Are These The Right Choice
Marijuana stocks and the cannabis industry have piqued the interest of many new and seasoned investors. Much of this is due to the future of federal cannabis reform. With cannabis being legal federally it will provide much more opportunities to those looking to get involved. During the week of the 3rd week of March, many marijuana stocks started to rise in trading when word of the reintroduction of the SAFE Act.
Even though this was short-lived the speculation on what may happen caused an uptick that some investors were able to profit from. With all the progress between cannabis legislation and the growth of the cannabis sector as a whole there much to look forward to. Just this alone is what’s attracting more people to find a way to get involved. This is why cannabis stocks are one of the easier ways to get started with cannabis investing.
Right now many people are looking for the best marijuana stocks to buy at good entry points. When looking for the best cannabis stocks at bargain prices it’s important to keep watch of the market for when volatility hits. Most times when market volatility is taking place it drives the price of the stock down. This is when investors take advantage of the dip and wait for the next bounce.
Due to how volatile cannabis stocks are most investors play the short game. Yet some cannabis stocks that are still growing as a company may be a better investment for long-term gains. Right now is a great time to get involved in the cannabis industry as more things start to develop. As marijuana stocks continue to recover from previous lows remember to keep watch of the market for any changes that may occur.
Marijuana Stocks To Watch This Month
MariMed Inc. is one of the few marijuana stocks that over the last year of trading has been able to reach new market levels. This push has made for a yearly increase of over 350 percent in trading. For those who looked at the company as a long-term play and were patient enough to hold selling today in 2021, you would be up significantly. Over the last 2 to 3 months MRMD stock has continued to push up in trading. Most of 2020 MRMD stock was trading a bit sideways along with some volatile market action.
At the end of November was the first real uptick to where MRMD stock started to seeing better market levels. From the 24th of November to the 30th of MRMD stock started to climb making for a 160 percent increase in trading. Now from this point, MRMD stock started to fluctuate in trading with a slight dip and small recoveries to start December. However, things started to pick up at the end of the month right before the start of the new year. Just like most marijuana stocks the start of January brought a boost in trading.
Final Thoughts On MRMD Stock And Market Performance
In the first 2 weeks of 2021 MRMD stock started to rise from $0.50 a share to $0.80 making for gains of 60 percent for that time. This uptick lasted until the 22nd of January before losing its market momentum. Heading into February MRMD stock was able to recover from the end of January as the company went on a run the first 2 weeks of the month. Since that time MRMD has fallen from the previous trading but has sustained a decent market-level overall. So as things start to pick up for the cannabis sector MariMed may be a marijuana stock to watch in April.
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4Front Ventures Corp.
4Front Ventures Corp. is one cannabis stock to watch that some investors feel may hold better short-term value. The reason for this is because of how volatile the company is. If you look back at the past year of trading it’s been one of a lot of ups and downs. Yet overall the company is up 456 percent over the last year of trading going from $0.25 a share to $1.39.
This push was a sign of strong growth potential and that the company presents its self as cannabis stock to watch as things progress in 2021. In the last 2 months, FFNTF stock has been able to keep its climb going even in a volatile market. The first week of January FFNTF stock went from $0.95 a share to $1.03 a share making for an 8 percent increase in trading.
In the last few days of January, FFNTF stock slightly dipped in trading. Yet overall close out January with a better market position. The start of February brought some big momentum which was caused a rally in trading for FFNTF stock. Since that time FFNTF stock has dipped once again but has been able to keep a solid market position. As things look to be recovering only time will tell if this marijuana stock will see better trading in 2021.
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