Marijuana Stocks Correct After Major Uptrend

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The marijuana stock market in recent times saw a major boost after the midterm elections and subsequent resignation of Attorney General Jeff Sessions. Although these speculative happenings continue to affect the world of cannabis, corrections in the market are of course a possibility. Several companies saw their stocks shoot up amidst the aforementioned news, but the real value for cannabis remains in the long term.

Many companies have continued to show a large amount of intrinsic value, but a lot of this has been largely undermined by the infancy of the market as many stocks still respond extremely speculatively to various bouts of news. All in all, cannabis still remains one of the most important industries in the modern day.

Next Green Wave (NGW) has been one of the more prolific cannabis stocks in the industry. The company has been working on their method of producing high quality, vertically integrated cannabis. With as much as 80,000 square feet of growing space in the works, the company plans to be one of the larger producers and distributors of cannabis throughout the U.S. One of the interesting aspects of the company is that they are based out of Coalinga, California.

Coalinga happens to be extremely central to two of the most popular cannabis markets in California, which by itself is the largest marijuana market in the U.S. This gives them a large advantage and an even larger amount of exposure to the industry which could help with any distribution needs in the future.

FREE REPORT: How Is Next Green Wave Cornering The California Market?

Canopy Growth Corp. (NYSE:CGC) should be a household name in the cannabis world by now. The company recently saw its share price downtrend slightly due to the same speculative news plaguing the whole of the market. Canopy, however, has a large advantage to the industry with a $4 billion investment brought in only a few months ago. The investment by Constellation Brands (NYSE:STZ) was the largest in the history of the marijuana space and not only shows the potential for the company but the market as a whole. The investment helped to represent a paradigm shift in the industry as more and more institutional investors become comfortable with the idea of investing in the world of cannabis. The company has been working with this money to begin producing massive amounts of marijuana for sale throughout Canada.

Canada has become the epicenter of the cannabis world in recent times due to their legalization of recreational pot nationwide. Some have stated that Canopy may have a tough time with the amount of cannabis they are producing, but the company has a solution. Canopy has been one of a handful of companies that have been working to begin sending their cannabis to other markets around the world. For this reason, Canopy should continue to be watched throughout the whole of the marijuana stock space.

Speculative events like this may continue to happen in the world of cannabis, but the hopes are that as the industry continues to calm down, these events will happen with less and less frequency. Only time will tell how the market can continue to mature in the near future.

Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Next Green Wave (NGW), Midam has been paid $150,000 from Next Green Wave (NGW) for a period from October 1, 2018 to November 8, 2018. Midam has been compensated an additional $100,000 and has extended its period of coverage to December 8, 2018. We may buy or sell additional shares of (NGW) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Next Green Wave. Please click here for full disclaimer

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