American Cannabis Company Inc (OTCMKTS:AMMJ) had a strong run leading up to the elections. However, today, the stock is trading in the red. Nonetheless, if you’re looking to roll up the profits on this one, don’t worry, the run hasn’t burned up! Today, we’ll talk about what we’re seeing from the stock and why I believe AMMJ is a great opportunity for profits!
What We’re Seeing From AMMJ
As mentioned above, American Cannabis Company has had a strong time in the market as of late. However, the stock fell on hard times on Wednesday. After several sessions in the green, fueled by marijuana legalization elections being prevalent in several states, it seems as though the stock hit a correction day. AMMJ is now trading at $1.36 per share after a loss of $0.28 per share or 17.07% on Wednesday.
Is Now The Time To Buy?
In my opinion, now seems like a great time to jump on American Cannabis Company Inc (OTCMKTS:AMMJ). There are a few reasons for my opinion here…
– Buy Low – The goal is always to buy low and sell high. At the moment, American Cannabis Company is trading at lows after the recent correction. I’m not expecting these lows to last very long. However, buying the dip is often a great way to get in on gains for a great deal.
– Legalization – As with most marijuana based companies, AMMJ is heavily dependent on legal changes. Well, we’re seeing just that my friends. Medical Marijuana just passed in Florida, a state that no one ever expected such legislation to pass. As marijuana becomes more and more widely accepted from a legal standpoint, we’re likely to see big gains in the stock.
If you’re invested in American Cannabis Company Inc (OTCMKTS:AMMJ), today might be a tough pill to swallow. However, don’t worry, this isn’t going to last long. If you haven’t invested in the stock, I strongly suggest taking a good look at it right now as this opportunity may not come around again for some time!
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Note: This article was written by Joshua Rodriguez, owner and founder of CNA Finance. If you would like to connect with Joshua, you can do so by emailing him at CNAFinanceHelp@gmail.com!