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After Bitcoin Craze, Swedish Investors Succumb to Reefer Madness

  • Some 50,000 Swedes traded in cannabis shares in January
  • First North’s Heliospectra has surged 39% so far this year
Inside The Sense of Healing Facility As Pot-Growing Expands, Power Demands Tax U.S. Electricity Grids
Photographer: Matthew Staver/Bloomberg

A Swedish January is dark, cold and snowy, but in Stockholm cannabis stocks were lighting up the screens of investors.

"Out of nowhere, the interest for Canadian cannabis shares has completely exploded in Sweden," said Joakim Bornold, a savings adviser at online broker bank Nordnet AB.