Big things are set to happen with the marijuana industry in just eight days, and marijuana stock prices absolutely reflect that fact. In September, a quick screen of the 30 largest and most popular pot stocks by market cap turned up 28 winners and just two marijuana stocks that sank. Those are some pretty good odds.
The reason there’s such excitement surrounding marijuana stocks is that Canada is lifting the curtain on a nine-decade ban on recreational pot on Wednesday, Oct. 17. Adults will be free to purchase dried cannabis or cannabis oils in licensed dispensaries or online stores, depending on the province. It’s this expectation of a rapid rise in sales and profits that has marijuana stock investors piling into the industry.
September’s top marijuana stocks
Last month, 60% of the aforementioned 30 marijuana stocks rallied by a double-digit percentage. However, five of these pot