New York For decades, though nobody was really sure why, April 20 has been the unofficial holiday for marijuana users and a joke by and about them. Now, though, it's also a reminder of how quickly marijuana is moving from illegal and a joke to a multi-billion dollar legal business — and a good time for us to take another look at how well cannabis stocks have been doing.
Publicly traded cannabis companies have reported strong sales since Canada legalized pot last October and several US states voted to approve recreational and medical marijuana use. Cannabis has also gone mainstream thanks to big investments and partnerships between marijuana sellers and blue chip consumer companies.
Canopy Growth co-CEO: Product opportunity is 'substantial' 05:27Rob Almeida, global investment strategist with MFS Investment Management, said investors may be getting ahead of themselves. He's worried that cannabis stocks are going to turn out to be an investing fad like 3D printing and blockchain companies. "Cannabis is not going to have parabolic growth," Almeida told CNN Business."There is a lot of hope and enthusiasm.
Every state that hasn't legalized is missing out on so much revenue.
Cannabis stocks are soaring. Right along with ADOS black american men and women still getting locked up for petty crimes. I wonder if these dwight owned stock companies will start advocating to release convicted people for small amounts of cannibals. Hypocrisy of it all.
RonDeSantisFL
Pot stocks are soaring and the cannabis industry is poised for tons of growth ....... All I need are some tasty waves, a cool buzz, and I'm fine So what Jefferson was saying was Hey! You know, we left this England place because it was bogus! Weed
Pot stocks are soaring and the cannabis industry is poised for 'tons of growth ....... All I need are some tasty waves, a cool buzz, and I'm fine So what Jefferson was saying was 'Hey! You know, we left this England place because it was bogus
Big pharmaceutical companies should invest more in research in weed for pain killers, since weed is a non addictive drug.
I hope it's used for medicinal purposes. I've met people who have epilepsy. However after trying cannabis based treatments, they have been able to manage their condition better. Hope its used for medicinal purposes
ToeKneeSlapped did you write this article
Legalize it federally. Think of all the new jobs created, can replace dying coal jobs.🙂
So prices are “high”?
Tax the sh . out of them
Cannabis are very advantageous
How a perfect job
And yet hundreds of thousands of lives, mostly minorities, were destroyed because of a very small Amy of weed. Now a bunch of rich whites stand to get richer.
Why do they have hair nets on? Lol
That Is Poisonous,Use Open Air Tropical Ganja Herbs And Don't Abuse It(Natural)
Too bad once the government gets involved with natural stuff they change it till it becomes a cancer
Get on know and jeffHinesyyc who do you recommend?
whatever
legalization is merely the most common sense thing to do...unless you want to continue to throw money (trillions) into a 40+ year war on a freaking plant
federal legalization is coming and if the VA is allowed to prescribe and dispense cannabis for veterans it'll be huge
Weed grows like weeds
It's 420 duhhh...
Happy 420 ya'll, enjoy the holiday!
Who knew that pot would cause both stocks and people to be high.
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