This Under-the-Radar Issue in Legal-Marijuana States Could Undermine Stocks and Growth
There are few, if any, industries that are growing at a quicker and more consistent pace than legal marijuana -- and we only need look at the performance of marijuana stocks over the past year to realize it. Over the trailing-12-month period, the average return of the largest one dozen pot stocks is more than 100%.
A big change in the public's perception of cannabis has been behind this rise in marijuana stocks. In just over two decades, Gallup's national poll has shown that favorability toward legalizing weed nationally has grown from 25% to an all-time record of 60% as of 2016. With more people than ever wanting to see cannabis legalized, the belief is that pressure will grow on lawmakers in Washington to alter their scheduling of the drug.
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Source: Fool.com
