When we talk about the overall health of the economy and the stock market, we usually overlook a very prominent stock. There’s one product/company that has consistently been both popular with millennials and soaring off the charts, rising to the 11th most popular stock to invest in. The key to the stock market is marijuana.
That’s right. Legalized marijuana and hemp companies are where millennials are investing most of their money and it seems like its the right choice. For example, the company Cronos has risen over 95 percent in popularity over the past six weeks. It now ranks higher than Twitter, Amazon, and Netflix in popularity. Forget tech stocks because it’s all about marijuana stocks now.
This push, being called the “Cannabis Craze” comes from the high interest from millennials, the recreational use of it being close to legal in Canada, and individual states in the U.S. also noticing its recreational and medical benefits. If you’re looking to hop on this train, make sure to watch the entire video playlist above for all the information you need on the current state of the stock market.