Will These Marijuana Stocks Bounce This Month
In the last few weeks of trading marijuana stocks have started to dip right before heading into March. Some analysts feel that due to the uncertainty of federal cannabis reform investors are trading off speculation which can add more volatility to the market. Now that we are entering into the 2nd week of March the cannabis stocks are looking to pick up in trading.
With the new White House administration, being run by democrats its gives more hope to the cannabis industry and those who are invested in the sector. Also this year we might see even more states go legal which would only add more value and money to the U.S. cannabis industry. Back in November during the presidential election, 5 new states voted to go legal in some form.
This has added to the recent record $17.5 billion that was generated from medical and adult sales in the U.S. With additional states developing new markets it will only help to increase the amount of revenue from legal cannabis sales. Not only will this be good as far as making more money but it will provide great opportunities for other cannabis companies to looking get involved in developing markets. Due to this many investors are looking for the best marijuana stocks to buy that as a company is working to expand its operation.
In 2021 there is a lot of forwarding momentum that many cannabis stocks are working to sustain as things are slightly on a downtrend. This current dip in the market offers new and old investors the chance to buy pot stocks at good entry points before possibly rising again. Just remember to do your research before investing and be sure to invest with caution. Below are some cannabis stocks watch for potential gains in March.
Pot Stocks To Watch This Month
- Organi Gram Holdings Inc. (NASDAQ:OGI)
- Aurora Cannabis Inc. (NYSE:ACB)
- Sundial Grower Inc. (NASDAQ:SNDL)
Organi Gram Holdings Inc.
Over the last month of trading cannabis stock to watch Organi Gram Holdings Inc. has been trying to pick up more momentum. At the start of February OGI stock has a bit slow beginning. Yet during the second week of trading in February OGI stock started to climb in the market. From the 5th to the 10th OGI stock had a 156 percent increase in trading. 
As some investors were able to see a nice return from this rally those who held watched OGI stock trade down the rest of the month. After the 10th of February OGI stock has had trouble sustaining its upward momentum. Even though OGI stock is down from its previous close the company is working to recover from its dip in February to see better trading in March.
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Aurora Cannabis Inc.
Aurora Cannabis was said to be one of the biggest Candian marijuana stocks to watch at one point in time. In recent times the company has been working to be more consistent with its trading. However, since back in November, the company has made solid attempts to show that it is still a profitable cannabis stock. Meaning even in a volatile market with ACB stock fluctuating in price the company has been able to see gains along the way. 
Since the end of December, ACB stock has been able to slowly work its way up in the market. For the entire month of January ACB stock saw gains of 17 percent for the month. When February came ACB stock was able to rally for the first 2 weeks of trading before dropping down. So far the company has had a bit of trouble recovering from February lows/ However with the promise of ending cannabis prohibition this marijuana stock to watch may begin to pick up in trading.
Sundial Grower Inc.
At the end of Novmeber Sundial Growers Inc. was one of a few cannabis stocks to pick up in trading. Since the start of December SNDL stock started to trade down with a small spike in trading along the way. For instance, on SNDL stock downtrend it went from $.043 on the 18th and shot up to 0.50 on the 21st for a 16 percent increase in trading. 
From this point in time SNDL stock was not able to keep up this upward push and started to dip the rest of December. When trading started for the new year SNDL stock had a slow start but was able to build more market momentum. January 4th to the 15th SNDL stock had a 29 percent increase in trading before dipped in trading at the end of the month. At the start of February SNDL stock, began to rally in the market.
In the first 2 weeks of February SNDL stock was able to see a significant increase in trading. February 1st to the 10th SNDL stock shot up by 143 percent. This jump created a lot of attention for the company however Sundial was not able to keep up this trading. Although currently down analysts believe marijuana stocks will soon recover once more.
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