Of the 14 Largest Marijuana Stocks, Only These 2 Are Down Over the Past Year
The stock market has been on a tear since hitting a trough in March 2009, but in recent years it's marijuana stocks that have headed to the front of the class, so to speak. Back in June, we looked at the dozen largest marijuana stocks and found that the average gain (I repeat, average gain) was 332% over the trailing 12-month period.
It's not hard to understand why marijuana stocks have rallied as much as they have, either. According to surveys from both Gallup and CBS News, we've witnessed a dramatic shift in the way the American public views cannabis. Back in the mid-1990s, Gallup's polls showed that just a quarter of the public wanted pot legalized across the country. As of Oct. 2016, 60% of Gallup respondents were now in favor of national legalization. Similarly, 61% of respondents in CBS News' poll in April 2017 favored legalizing the drug.
Image source: Getty Images.
Source: Fool.com
