Investor interest in cannabis stocks is rebounding!

In an article on Investopedia.com, Todd Harrison, the Chief Intelligence Officer and co-founder of CB1 Capital, says the second half of 2020 began on a positive note for cannabis stocks, as the Bloomberg Global Cannabis Competitive Peers Index gained 3.5% in July.

"While the benchmark remains 26.5% below where it started the year, we believe that March was a cyclical bottom within a secular bull market for the cannabis industry and U.S. operators will drive the next phase of growth."

So, what happened to turn things around?

"COVID-19 arrived as a positive catalyst and crystallized the need for a legal cannabis industry and the tax revenue and jobs that come with it," Harrison says. "Social justice initiatives also emerged to help shape the narrative."

Harrison notes the cannabis industry is asking for one thing: a level playing field.

"Hemp farmers want FDA guidelines so they can monetize their crop; dispensaries want to accept credit cards and make bank deposits; and scientists want to research the plant to solve medical riddles," Harrison says. "More than anything, companies need access to capital so they can fund operations and pay staff."

Read Harrison's complete article here.

Source: Greenhouse Grower

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Source: Greenhouse Grower