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Posted by
Two Blokes May 25, 2025 -
Filed in
Stock
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The U.S. cannabis industry continues to expand, with over 80% of Americans now supporting some form of legalization. Recent headlines show the DEA is likely to reschedule marijuana from Schedule I to Schedule III. This move could ease tax burdens and promote medical research. Analysts project the legal U.S. cannabis market could surpass $71 billion by 2030. As more states adopt legal programs, smaller companies with growth potential are gaining attention. Therefore, marijuana penny stocks remain attractive to traders looking for high-reward opportunities. However, the sector is still volatile. Investors should combine technical analysis with sound risk management strategies. Look for price support levels, breakout setups, and volume confirmations. Also, use proper stop-loss orders to manage risk. With legalization efforts gaining momentum, short-term spikes are likely. Thus, traders should stay alert this week. Momentum, news catalysts, and chart setups will help identify top entries.
