The topic of marijuana stocks seems to have entered the mainstream in 2018, with chatter about these stocks popping up much more frequently among individual investors this year than in the past.
Below are four key (and somewhat overlapping) reasons many investors are talking about marijuana stocks — and one notable reason the topic of hemp stocks should soon be crossing many more investors’ lips.
1. Strong recent performance of many marijuana stocks
There’s nothing that attracts investor attention to a particular stock or group of stocks more than powerful performance. As the following one-year chart shows, many marijuana stocks went ballistic in late summer in advance of Canada’s legalization of marijuana for adult recreational use — a topic we’ll get to in a moment — though most of the group has pulled back since then.