Friday, April 11, 2014

Are the Marijuana Stocks About to Get High? : GWPH, MWIP, RTXBQ

Some estimates call for total cannabis sales (medical and recreational combined) in the U.S. market to eventually reach as much as $120 billion annually, perhaps rivaling alcohol and tobacco, which had combined sales of $263 billion in 2008.
With increased acceptance and legalization of marijuana for both recreational and medical purposes, this is one resource whose production and use are sure to grow exponentially, perhaps for decades.
Which, of course, has left no shortage of penny stocks jumping into the fray...
The Marijuana Index was set up to track 36 cannabis-related companies listed on the various U.S. exchanges. To say the index has been volatile would be the understatement of the year.  (more)

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