2 Marijuana Stocks That Demonstrated the Power of the Green Rush This Earnings Season
With few exceptions, marijuana stocks have been practically unstoppable over the past year. Just two of the dozen largest marijuana stocks by market cap are lower over the trailing 12 months, and a majority have witnessed their market caps double in value, if not vault even higher. Three major catalysts, in particular, have been behind the green rush.
To begin with, we've witnessed a discernible shift in how the American public thinks about cannabis. A little more than two decades ago, only a quarter of the population wanted to see it legalized nationally. As of 2016, this figure had risen to 60% according to Gallup, an all-time high. A separate survey from Quinnipiac University this April found 94% support for the legalization of medical cannabis. Overwhelming support like this could pressure politicians in Washington to change their tune on weed.
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Source: Fool.com
