At the present time, COVID-19 has once again shown it has a stronghold on market sentiment and economic recovery. In reality, this downturn could now persist for a couple of trading sessions for marijuana stocks. But there are some positive things to take into account with this pullback. It does present the opportunity to start positions in these pot stocks at lower prices.
Despite the recent market trends growth in the cannabis industry has catapulted marijuana stocks to a higher level in the market. In turn, many investors that started positions earlier in 2020 could be locking in some gains at current levels. While the cannabis market is predicted to continue to see gains leading pot stocks have traditionally been volatile in the market. With this in mind, selling a portion of a position to lock in some gains is a technique used by many investors and could be considered good practice.The U.S. Cannabis Market And Next Years Potential