Inhalation Exhaltation
High Times for Marijuana Stocks
Valuations are so lofty that it will be difficult for companies to perform up to them.
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Marijuana stocks would be the ultimate growth play if investors weren’t already so fired up.
It just got easier for U.S. investors to bet on pot’s big plans. Toronto-based Cronos Group Inc., which invests in medical marijuana producers, on Tuesday became the first marijuana company listed on a major U.S. exchange. Analysts expect its revenue to reach $34 million this year, up from $400,000 in 2016.