3 Things to Know About This Proposed $2 Billion Marijuana Merger
The marijuana industry is growing like a weed, and investors have certainly taken note. Over the trailing year, a majority of pot stocks in excess of a $200 million market cap have doubled in value, or perhaps headed even higher.
Behind this rally, and beneath steady double-digit sales growth for legal weed, is a change in the way the American public views marijuana. What had once been an off-limits topic that was better left swept under the rug is now a substance that nearly 2 out of 3 Americans would prefer to see legalized across the country, according to the latest Gallup poll.
When it comes to medical cannabis, support is even stronger. The independent Quinnipiac University poll in April found 94% support for legalizing medical weed compared to just 5% opposed to the idea.
Source: Fool.com
