Why the Top Marijuana Stock of 2017 So Far Isn't Flying So High Now
What's the best-performing marijuana stock so far in 2017?
You might be surprised to learn that it's not one of the red-hot Canadian medical marijuana growers awaiting legalization of recreational cannabis use next year. Instead, the top marijuana stock with less than two months remaining in the year is actually 22nd Century Group (NYSEMKT: XXII). Shares of the plant biotechnology company are up more than 90% year to date.
However, 22nd Century Group isn't flying nearly as high as it was. By early October, the stock had more than tripled in value since the beginning of the year. Then the bottom fell out. Here's how 22nd Century Group climbed to the top spot among marijuana stocks -- and why its reign could be in jeopardy.
Source: Fool.com
