Investors don’t need to panic because the markets are fluctuation
The marijuana stock market appears to be in almost a constant state of volatility. Prices, with few exceptions, are moving up and down regularly and there have been a number of pullbacks in the past 24 hours that have many investors skittish. However, there is no need to panic and the downturn isn’t a result of anything the marijuana industry has done, or not done.
The overall market sentiment has fallen today. As more solid stocks take a hit, it’s only natural that softer stocks, such as those in the nascent marijuana industry, would receive stronger punches to the gut. It’s just a temporary blow, however, and the pain will recede.
The overall market attention has dropped due, in part, to the on-again/off-again trade war between the U.S. and China. This has caused investors to be concerned over the future of the U.S. economy, even in the face of the current truce between the two countries.
It’s important to remember that purchasing a stock is like making a long-term investment, especially when you get in on the ground floor of an operation. Marijuana is only just beginning as an industry and there’s only one way to go from here – up. There is a large amount of room for development and growth and the expected passing of the Farm Bill and additional legislation next year will go a long way toward seeing the markets reach new heights.