Cannabis goes mainstream: Seemingly overnight, pot has gone from illegal and a joke to a multi-billion dollar business
By Paul R. La Monica • CNN Business –
April 20 has become the unofficial holiday for marijuana users. So now’s a good time to look at the red hot sector. Cannabis stocks are soaring as the business goes legit.
For decades, though nobody was really sure why, April 20 has been the unofficial holiday for marijuana users and a joke by and about them. Now, though, it’s also a reminder of how quickly marijuana is moving from illegal and a joke to a multi-billion dollar legal business — and a good time for us to take another look at how well cannabis stocks have been doing.
Publicly traded cannabis companies have reported strong sales since Canada legalized pot last October and several U.S. states voted to approve recreational and medical marijuana use.
