Marijuana Stocks Gain Momentum on Cannabis Reform Hopes
- Two cannabis funds have beat the S&P 500 in last six months
- Investors see major upside for the industry with policy change
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Investors have been diving into cheap pot stocks in hopes that a change in US policy will unlock major upside for cannabis companies.
A look at funds and stocks following the marijuana industry ahead of the unofficial marijuana holiday of April 20, popularly known as 4/20, reveals that despite little movement on regulatory reform the industry is outperforming the broader market since October. After hitting its lows in 2023, the industry has been benefiting from a buy-the-dip mentality.