Downward Pressure For Top Pot Stocks

Top marijuana stocks are experiencing downward pressure in the market with most of the sector in the red on April 7th. After a few days of upward momentum, most cannabis stocks are seeing a modest drop in market value. In April a catalyst for marijuana stocks has been the cannabis legalization in New York which reignited gains for leading pot stocks. Another important event that could happen for the cannabis industry in the near future this cannabis reform on the federal level.

Recently leading lawmakers have introduced the SAFE Banking Act as a bipartisan bill in the Senate. This bill could be the first to begin federal reform of cannabis in the United States. And may allow American vertically integrated cannabis companies to trade on major exchanges. In the event this type of…

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