Top Marijuana Stocks In The Summer Of 2021

As the market shows more signs of recovery top marijuana stocks to buy are climbing higher to close out June. Although 2021 has seen cannabis stocks reach new highs it has also shown the market volatility in the cannabis sector. After reaching these new market levels the cannabis sector has pulled back for several months until June. Now to end this month there seems to be more upside for top pot stocks right now.CLICK HERE TO WATCH TTG LIVE ON YOUTUBE

Cronos Group (NASDAQ:CRON) has been chomping at the bit to get into the U.S. market. And that's evident even from its financials. Although the company makes the bulk of its money in Canada, it includes that in its "rest of world" segment. The company has been launching hemp-based products in the U.S. for the sake of penetrating the market. And it is also working on developing low-cost cannabis products that could make it a big player in the industry.

Legal marijuana is becoming the norm in America. Nineteen states have legalized recreational cannabis, and 36 allow medical use. In all five states where liberalization was on the ballot in November, voters supported it — even in such conservative states as South Dakota and Mississippi. One in three Americans now lives in a place where adults can legally buy weed just because they feel like it.

The shift has come about for a couple of main reasons. The first is that more than half of Americans have used cannabis, and people know from experience it’s not a demon drug. The second is that the national war on drugs, launched half a century ago by President Richard Nixon, has proven utterly futile in preventing such use.

The new 2021 World Drug Report shows cannabis potency has skyrocketed in parts of the world and that has the United Nations Office on Drugs and Crime (UNODC) thinking member states should consider outlawing weed advertising.

In just 24 years, “cannabis potency had increased by as much as four times in parts of the world, even as the percentage of adolescents who perceived the drug as harmful fell by as much as 40 per cent,” notes a UNODC press release accompanying the release of the report Thursday.

The county seat may become the county hub for recreational marijuana businesses.

An ordinance allowing licensed cannabis establishments in all six classes approved by the state to operate in the city is slated for a public hearing and final passage early next month.

The six classes of licenses allowed for recreational marijuana in New Jersey are grower, manufacture, wholesale, distributor, retailer and delivery.

The hearing on the  ordinance will be held at 5:30 p.m. July 7 in the New Brunswick City Hall Council Chambers.

Cannabis sales in B.C. have steadily increased since the drug became legal, with no signs of slowing down

Since its legalization in Canada in October of 2018, sales of cannabis by THC weight have steadily increased in B.C. year over year. A recent report conducted by the Canadian Institute for Substance Use Research (CISUR) at UVic looked at sales data between 2018-2020, from wholesalers, private retailers and B.C. Cannabis stores (in-person and online).

The marijuana boom amid the coronavirus pandemic has brought a lot of attention to the sector. Cannabis sales have been on the rise ever since marijuana was deemed an "essential item" during pandemic-related lockdowns. This not only benefited U.S. cannabis companies' revenue and profits, but also was advantageous for companies indirectly linked to the cannabis sector. With more and more states legalizing medicinal and/or adult-use marijuana, hopes are that sales could keep soaring. The U.S. cannabis market could generate $41 billion in annual sales by 2026, according to BDSA.

Amazon certainly isn’t the first major corporation to arrive at the cannabis reform party, but it sure made one of the biggest entrances to-date when it publicly pledged to relax its drug testing policies and also to back federal legalization efforts.

And now it’s a question of how many others will follow — especially during a time when some firms are desperate for workers.