No longer a taboo subject, cannabis is finding analysts more willing to discuss the market
Being able to get the attention of analysts gives marijuana stocks better exposure in the world. Even though this relationship has gone through many ups and downs, many on Wall Street have had various optimism about marijuana stocks. However, as time has passed, analysts have been able to grasp that there is great potential in the marijuana market, which indicates that it is open to great opportunities. Now, more analysts are covering marijuana stocks, which is going to help investors gain confidence in adding these to their portfolios.
Initially, many experts had doubts because the drug used to be one of the most prohibited drugs in the US. However, as time has passed, that has been changing and many states have already decided to legalize this product in one way or another. It is no secret to anyone that, at the end of the day, cannabis will be legal throughout the country.
This has been understood by many analysts, and that has created a little more optimism. Considering that marijuana consumption has increased exponentially in recent years, it is easy to understand what the enthusiasm is about. Analysts are beginning to realize that making money from the industry is not difficult at all. Different investments have seen great returns after getting involved in this industry, and while it is always a gamble, marijuana stocks still have a lot of room to grow.
It goes without saying that this can be a difficult playing field due to its high volatility, especially for those looking for quick cash rather than buy-and-hold investments. More and more analysts are supporting marijuana companies, and it is only a matter of time before they understand that they cannot stay out of the game much longer, and not risk losing profits.