Three Marijuana Stocks to Watch This Week
Marijuana stocks took a breather late last week in the wake of an article posted by Politico discussing long-standing rules at the border. Despite the short-term dip that pot stocks saw due to information in the article, cannabis investors shrugged off this information as demonstrated by the strong market rally they saw later in the Friday afternoon and early Monday morning trading sessions. Several marijuana stocks moved higher after new industry developments triggered more interest in the market. This includes a major beverage company throwing their hat in the ring.
The company announced last week that it had completed its market ready Tetrahydrocannabinol (THC) - infused spray product and the required licensure for manufacturing of the product in Colorado.