You might be wondering what’s behind the big rally in cannabis stocks? While a generally bullish market has certainly helped, there are five other considerably more prominent reasons behind the rally in marijuana stocks in 2017.
Tag Archives: Public Opinion
The 2016 General Social Survey revealed an increase in public support for marijuana legalization, according to a March 29, 2017, article on the Washington Post’s Wonkblog. The survey, which is conducted every two years, showed 57 percent of Americans supported marijuana legalization in 2016, up from 52 percent in 2014.
Within the last decade or so, public opinion of marijuana has made a monumental shift. At the turn of the century, it would have been ludicrous to think that recreational marijuana would be legal in any state, much less four.
On June 17, 1971, President Richard Nixon stood before the American people and declared, “Narcotics addiction is a problem which afflicts both the body and the soul of America” and that action must be taken to stem the tide of the narcotic scourge sweeping the nation. Thus began the War on Drugs.