These 6 Stocks Make Up 58% of the First-Ever Marijuana ETFs Holdings
Growth in the marijuana industry has been incredible over the past few years, and investors are really beginning to take notice. Over the trailing one-year period, more marijuana stocks than not have seen their share prices at least double in value.
At the heart of these surging stock valuations is a major shift in the way consumers think about weed. In the 47 years that Gallup has questioned the American public about their views on pot, we've seen approval for national legalization grow from just 12% in the late 1960s, to about 25% in the mid-1990s, to 60% as of October 2016. This rapid and decisive shift suggests that there could be increased public pressure to get lawmakers to alter marijuana's scheduling at the federal level, where it's still illegal.
Image source: Getty Images.
Source: Fool.com
