The Most Disappointing Marijuana Stock Plunged Once Again Last Week

The legal-marijuana industry is growing at an incredible pace, which is a big reason why investors seemingly can't get enough of pot stocks. According to Marijuana Business Daily's latest report, "Marijuana Business Factbook 2017," the U.S. legal-weed market is expected to grow by 30% in 2017, 45% next year, and an aggregate of 300% between 2016 and 2021, to around $17 billion.

A rapid change in the way the public views cannabis has been at the center of this rapid rise in sales. What was once deemed to be a dangerous drug is now viewed by a majority as a substance that should be legal nationally. An April 2017 CBS News poll found 61% support for legalizing marijuana nationally, which is more than double the support for the same idea back in 1979.

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Source: Fool.com