Early in 2020 cannabis stocks were disregarded by opportunity investors as many predicted negative returns as a result of the decline in the broad stock market from COVID 19. Now, the market cannabis index “has rallied 73.2% since the lows, it is still down more than 30% year-to-date”. Various policy and industry changes have shown the cannabis industry to be resilient and even boosting efforts to edge out the Illicit markets. Examples include; an increase in state legalization and the expansion of delivery and curbside services. Furthermore, both the United States and Canada are showing positive trends in the arena of cannabis retail.
– New Cannabis Ventures, 06/28/2020 11:05:22 AM
Open article: https://www.newcannabisventures.com/looking-ahead-to-the-second-half-for-cannabis-stocks/