The Average Marijuana Stock Is Up 332% Over the Past Year
Investors have, in general, been treated to phenomenal stock returns since the market bounced from its March 2009 lows. All three of the major U.S. indexes have more than tripled in value, with the Nasdaq Composite approaching a near quintupling in value from its 2009 lows.
Nevertheless, these eight-plus-year returns pale in comparison with what marijuana stocks have been able to do in just one year's time. Over the trailing-12-month period through July 15, the average marijuana stock with a market cap in excess of $200 million -- a dozen stocks in total, which excluded MedReleaf because it just went public a month ago -- was up by 332%.
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Source: Fool.com