Not surprisingly, Canadian pot stocks have been the top performers of late, with Canopy Growth Corp. (NASDAQOTH:TWMJF), the now-largest marijuana stock in the world by market cap, leading the charge.
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Legal marijuana may be doing at least one thing that a decades-long drug war couldn’t: taking a bite out of Mexican drug cartels’ profits.
Twenty-three states have now legalized or decriminalized marijuana. The weed that became popular in the 1960s and ’70s has outgrown its reputation as a dangerous “gateway drug” and is increasingly accepted as a treatment for certain illnesses and a source of relaxation and fun.