Geometry Dash APK Hill Climb Racing APK
69.6 F
New York
Saturday, May 28, 2022

Americann Inc (OTCMKTS:ACAN) Stocks Gains Serious Momentum: What Next?

Must read

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

The cannabis sector has had its share of volatility this year but in the past few days, many stocks have managed to record gains. On Tuesday, Americann Inc (OTCMKTS:ACAN) stock rallied early and recorded gains of as much as 26% on the heals of the recent comments from the company’s President Tim Keogh.

What to Watch

The company is not directly involved in cannabis cultivation. AmeriCann is involved in developing advanced cultivation procession and product manufacturing units for cannabis companies. Keogh stated that the result of the United States Presidential elections has made the cannabis sector one of the major winners and there is substance to his claims.

It is a well-known fact that marijuana legalization in the United States at the federal level is a stumbling block for the cannabis industry and Keogh stated that he expects that it could result in a better cannabis regulatory framework.

Industry Outlook

At this point, marijuana has been legalized in as many as 15 states in the country, and on top of that, adult use has been legalized in Washington D.C. More importantly, medical marijuana has been legalized in as many as 34 states. Hence, there is optimism that fresh regulations might lead to some breakthroughs at the federal level.

Another important thing to consider in this regard is the fact that public opinion with regards to marijuana has also changed significantly in recent times. According to the findings of a poll by Gallup, as many as 7 out of 10 Americans are now in support of the legalization of marijuana at the federal level.

Founder of AmeriCann, Ben Barton stated that perhaps it is now time for the authorities to change the ‘antiquated’ laws with regards to cannabis at the federal level.

It goes without saying that if it happens then AmeriCann could prove to be a major beneficiary as more and more companies in the United States are going to get into the business. That will lead to more clients, access to traditional banking services, and overall prosperity.

Latest article

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan

88 Energy Ltd (OTCMKTS:EEENF) Stock In Focus After Recent News

Every day plenty of investors look for stocks to invest in from the oil and gas sector. It is a vast industry...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service