Marijuana stocks investment

Marijuana stocks investment

Marijuana stocks investment
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In recent weeks, shares of Tilray (TLRY), a Canadian cannabis company, has gained more than 700% since being priced at during its July IPO.
“The normalization of weed is happening so fast it makes my head spin,” the host of CNBC’s “Mad Money” said on Friday. “It’s not just that Canada and a host of states have outright legalized pot. It’s that marijuana’s gone mainstream.”
Shares of Cronos Group (NASDAQ:CRON) have been on fire lately, more than doubling in less than six weeks. What’s up with CRON stock and can it advance further?
Cannabis stocks are now a trader’s paradise and fascinating to watch. With the long term potential as the U.S. and the world continue to legalize the process, the group’s stocks have become a trader’s paradise.
As compared to .5 billion in 2017, global spending on legal cannabis is expected to grow 230% to billion in 2022 , according to Arcview Market Research and BDS Analytics. As projected by the research projects a majority of that, nearly .4 billion will come from the United States. In present context of marijuana use legalization being favored by more states and business interest reaching high across the board, that definitely would make sense.
Marijuana stocks investment