And The Nation Of Canada Changing Their Laws.

Canadian marijuana supplier Canopy Growth Corporation ( NASDAQOTH:TWMJF ) claims a market cap of $1.2 billion. There aren’t that many marijuana stocks to choose from, though. marijuana Most are penny stocks, which come with significant risks for investors . The law of supply and demand So why do these three charts show that the marijuana stock boom could continue? The charts point to the laws of supply and demand. Prices go up when demand rises and supply is low. Increased public support for marijuana legalization has already resulted in more than half of the states in the U.S. and the nation of Canada changing their laws. As support continues to grow, which seems likely, expect more states to legalize marijuana and more pressure on representatives in Washington, D.C., to relax federal laws prohibiting marijuana. These forces will drive demand higher as more markets open up. Although it seems a virtual certainty that more marijuana-related companies will go public, there will still be relatively few high-quality stocks.

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