2020 Could Be The Year Pot Stocks Make a Comeback
The 2020 year has already proven itself to be quite fond of marijuana stocks. Although cannabis demand has been rising in the past few years, demand has shot up dramatically in only the past few months. The majority of this is due to the coronavirus, which has caused more people to be home than ever before. But, with so many pot stocks fighting for the top space in the cannabis industry, what predictions can we make moving forward? This should be prefaced by stating that it is extremely difficult to predict anything right now due to Covid-19.
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The nature of this pandemic is unpredictability, and that shows itself widely in the cannabis industry. But, it remains that there is a lot of untapped potential for marijuana stocks. And, investors have continued to show bullish sentiment for a large number of pot stocks to watch. Although the cannabis industry does look quite positive, we should always look at how the industry is functioning on a broader level. With that sentiment in mind, here are some key predictions that may come true in the second half of 2020.
Legalization Efforts in the Cannabis Industry are Widespread
It’s no secret that the cannabis industry is going global. Although most marijuana stock investors only tend to focus on the U.S. and Canada, other parts of the world are showing real potential. Major pot stocks to watch like Flowr Corp. (OTC:FLWPF) are betting on the future of the global cannabis industry by investing abroad. Countries like Portugal, Germany, and others are major hotspots for marijuana stock growth but the list is continuing to grow. One analyst stated that “there is little doubt that the expanding European cannabis market will make it an attractive investment opportunity.” 
One of the other areas of the European cannabis industry is the CBD market. CBD has become extremely popular around the world and represents a lot of potential for the future of the European cannabis industry. Outside of Europe, places like Jamaica, parts of South America, and more are also becoming major hearths for investors to watch. If these markets do end up growing substantially, they could also represent massive import-export markets as well. The fact that the cannabis industry and marijuana stocks are growing is quite indisputable. Where and how fast they grow, however, remains up to the future.
U.S. Regulations Could Help the Cannabis Industry
In 2020, we have seen a lot of positive sentiment for the cannabis industry. With the pandemic, a lot of states decided to make cannabis an essential service. Aside from allowing people to get their marijuana, this decision has also shown just how important marijuana is to the U.S. Many believe that either this year or next, we could begin to see some real change in the U.S. cannabis industry. Right now, it seems as though the focus of the country is on solving this pandemic. 
But, states across the country are continuing to report higher uses of cannabis, and more revenue thusly. Because of that, it only makes sense that the federal government would be inclined to push pro-cannabis legislation. In the U.S. an overwhelming majority of the public support legal cannabis. Given the fact that this is also an election year, it seems only logical that the president would be in favor of cannabis. Although the time frame of cannabis legalization is unknown, 2020 does look like the year when a lot of things will begin to change.
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