Medical Cannabis vs. Recreational Cannabis Stocks: What’s the Difference?

Investors and companies alike have been excited about the cannabis market. Once on the fringes of the financial world, cannabis companies are now gaining more traction, with mainstream companies jumping on the marijuana bandwagon.

Uruguay fully legalized pot in 2013, followed by Canada, which did so in 2018. But many other countries have been slow to follow suit, partly because of the stigma associated with marijuana. The drug still remains illegal at the federal level in the United States, but attitudes are shifting at the state-level. Colorado became the first U.S. state to legalize marijuana, and now more than 30 states have adopted cannabis-friendly policies…

Uruguay and Canada are the only two countries that have fully legalized both medical and recreational cannabis for its citizens.

But even as the sector racks up significant gains in the stock market, investor assessment of marijuana stocks is still colored by past stereotypes. Some investors are finding it hard to jump in on the action, even with promises of big gains.

Depending on an investor’s risk profile and time horizon, stocks for companies from both markets are attractive because they represent a growth opportunity, similar to the one that existed for tech stocks…

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