Even though only 33 U.S. states and the District of Columbia have legalized marijuana to some degree and there is currently no federal law granting full legalization, American investors are still able to own shares in cannabis-related companies. As more U.S. states are eyeing full marijuana legalization, our new visualization tracks the rise and fall of cannabis stock prices over time. #munKNEE/Money!
The graph is also divided into three columns: #munKNEE/Money!
- the left column is the price from the first time publicly traded on a “major” stock (TSX, NSYE, Nasdaq; or OTC if not applicable);
- the middle column is the highest price each stock has reached, and
- the right column is the stock price as of September 13, 2019.
All of these stocks increased their share price since IPO, but they have all also decreased from their peak…
What do you think will be the future of the cannabis industry? Please let us know in the Comments section below.