2 Top Cannabis Stocks to Buy for Summer 2021
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.
Here are two cannabis stocks that are exciting buys for summer 2021. One is a pure-play cannabis company (meaning its main business is the production and sale of cannabis and cannabis-related products) that is climbing to be a top contender in the U.S. market. The other is an unconventional cannabis stock that has no direct involvement with cannabis, but is taking advantage of the marijuana boom.
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Source Fool.com
