Best cannabis stock investment could lead to great profits in the near future


In recent months, there has been much debate about which are the best cannabis stocks. There are several states where recreational marijuana is legal, and almost all of them allow medical marijuana. It is important to determine which cannabis stocks offer investors the most potential for returns.

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How do cannabis stocks benefit investors?

The cannabis industry is expected to thrive globally with the United States currently being the largest market. In 2025, Investopedia predicts the best cannabis stocks will be worth $30 billion.

According to figures from Cannabiz Media, the US cannabis industry will reach $160.7 billion by 2025. But the fact is that marijuana market is mushrooming regardless of the numbers.

How can you make the most of this information?

The cannabis industry offers a variety of revenue-generating opportunities due to its wide variety of revenue streams. Below you’ll find best cannabis stocksyou might be interested in before it’s too late.

HEXO Corp. (HEXO)’s stock price was $0.67 at the previous market close, with its latest volume reaching 6.25 million. Compare that to its average daily volume of 10.12M. Given the fact that this stock has 355.76M shares outstanding, its current market value is sitting at $0.65.

The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. HEXO Corp. (NASDAQ:HEXO)’s Williams Percent Range or Williams %R at the time of writing to be seated at 91.19% for 9-Day. It is also calculated for different time spans. Currently for this organization, Williams %R is stood at 95.55% for 14-Day, 97.16% for 20-Day, 99.21% for 50-Day and to be seated 99.65% for 100-Day. Relative Strength Index, or RSI(14), which is a technical analysis gauge, also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of HEXO Corp., the RSI reading has hit 28.54 for 14-Day.

GrowGeneration Corp. (NASDAQ: GRWG) is currently trading at around $11.12, a price level that means its value has jumped 1.09% higher than its 52-week low. In intraday trading, GRWG shares have hit a high of $11.32 and a low of $10.63. The last 52 weeks have seen the company’s shares touched a high of $67.75 and a low of $11.00, while recent trading session has witnessed an intraday change of just -0.36%.

Although the stock has performed remarkably well in recent months, the overall interest from investors has dropped noticeably. That has seen its trading volume surge by 19.47%, figures that rank poorly compared to the stock’s average volumes. This information is critical as it reflects the stocks’ float size, given that the market is exposed to 51.56 million shares of the company.

Sundial Growers Inc. (NASDAQ:SNDL) does about 112.26M shares in volume on a normal day but saw 96.9 million shares change hands in Monday trading. The company now has a market cap of $1.18 billion. Its current market price is $0.59, marking a decrease of -1.75% compared to the previous close of $0.60. The 52 week high reached by this stock is $3.96 whilst the lowest price level in 52 weeks is $0.50. The script in recent trading has seen the stock touch a high of $0.6097 and a low of $0.5751.

Traders and investors may also choose to study the ATR or Average True Range when concentrating on technical inventory assessment. Currently at 0.04 is the 14-day ATR for Sundial Growers Inc. (SNDL). The highest level of 52-weeks price has $3.96 and $0.50 for 52 weeks lowest level.


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