The 2 Marijuana Stocks That Turned a Profit in Their Most Recent Quarter
In case you haven't noticed, the marijuana industry has many investors seeing green. The average pot stock valued in excess of $200 million in market cap has seen its share price double or triple over the trailing year.
What's behind this move? Look no further than the notable change in the way the public looks at weed. Back in 1995, the year before cannabis was legalized for the first time in California for medical use in compassionate cases, only a quarter of the population was in favor of its legalization. By the latest survey in October 2017, support had reached an all-time high of 64%. As favorability toward cannabis improves, the thinking is that it could result in changes at the federal level. After all, if politicians fail to align their views with that of their constituents, they risk being voted out of office.
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Source: Fool.com
