Marijuana Stock Sell-Off Means Opportunities
As we approach the first-year mark for the Joe Biden administration, we’re still waiting for the federal government to decriminalize recreational marijuana. While we wait, nearly 40% of the states in the U.S. have legalized recreational marijuana. I think this will pick up in 2022 as state legislators look for new ways to raise tax revenues.
Now that the majority of pot stocks are trading near their 52-week lows and are down by more than 50% from their February 2021 spike, I think it’s an opportune time to look at marijuana stocks (if you haven’t already).
Find out about MariMed stock here
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