The Only Marijuana Stock to Rise by More Than 10% Last Week
The marijuana industry is growing like a weed, and it's been putting smiles on the faces of marijuana stock investors. Of the one dozen largest marijuana stocks by market cap, a vast majority are up over the trailing year, and the average gain of those twelve is well over 100%. In other words, there's a really good chance that marijuana stock investors have been buzzing about their gains over the past year.
These impressive returns are a result of a rapid change in the public's opinion toward cannabis, as well as legal sales growth. Between 1995 and 2016, Gallup's periodic polling has shown that favorability toward legalizing marijuana has risen from 25% to an all-time record high of 60%. The higher this figure rises, the better the likelihood that lawmakers in Congress will consider taking action and adjusting pot's federal scheduling.
Image source: Getty Images.
Source: Fool.com
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