Over the past several years we have seen a trend of marijuana legalization at the state level. Many states have decriminalized marijuana, while others have made it legal to smoke pot as long as it's for therapeutic purposes. Still other states have fully legalized weed, treating it like alcohol or tobacco. Making it more complicated, cannabis is still illegal at the federal level. And of course in Canada, pot is completely legal now.

Many public companies in the U.S. are now focused entirely on marijuana. For instance, Innovative Industrial Properties (NYSE: IIPR) is offering the industry financing for marijuana farms. Not surprisingly, the stocks in this sector have been very volatile. Will we see the market go crazy for psychedelic stocks, as we saw in the case of marijuana? Or are there important differences between the two sectors? Corinne Cardina, bureau chief of healthcare and cannabis at Fool.com, and Motley Fool writer Taylor Carmichael discuss these two different forms of healthcare in this Fool Live segment, recorded on May 14.

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Source Fool.com