2 Marijuana Stocks That Have Imploded Since August Began
In many ways, the legal marijuana industry could be described as the greatest thing since sliced bread for investors. Over the trailing one-year period, the average marijuana stock has increased in value by more than 100%, making pot-stock investors some green in the process.
Why such bullishness on cannabis? Look no further than favorability toward the drug for those answers. According to both Gallup's 2016 poll and CBS News' April 2017 poll, a record number of respondents want to see weed legalized nationally (60% and 61%, respectively). The thesis here being that as favorability improves, lawmakers in Washington will have little choice but to change their stance on pot or face the consequence of possibly being voted out of office by their constituents.
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Source: Fool.com
