3 Marijuana Stocks That Like to Live Life Dangerously
In case you haven't noticed, marijuana stocks are absolutely on fire. Many of the largest pot stocks by market cap have seen their valuations double, triple, or perhaps head even higher over the trailing 12 months.
At the heart of this surge is a rapid and decisive change in the way the public thinks about marijuana. Gallup, which for nearly 48 years now has kept tabs on consumers' opinions about pot, found in October 2016 that 60% of its respondents favored the idea of legalizing recreational weed. Comparatively, only a quarter of respondents felt the same way back in 1995, the year before California became the first state to legalize medical cannabis. The result of this shift in perception has been an increase in legal sales growth of around 30% annually in the United States, depending on your source.
Image source: Getty Images.
Source: Fool.com