Although marijuana stocks had a relatively poor 2018, the same can’t be said for the overall marijuana movement. In fact, the cannabis industry arguably had its most impressive year ever.
In October, Canada became the first industrialized country in the world, and only the second overall behind Uruguay, to legalize adult-use pot. Ending nine decades of recreational weed prohibition completely legitimizes the marijuana industry, as well as rolls out the red carpet for what should be billions of dollars in added annual sales.
It was a similar story in the United States, where Missouri and Utah gave the green light to medical marijuana, and Vermont and Michigan legalized recreational cannabis. We also saw the U.S. Food and Drug Administration approve the very first cannabis-derived drug, and witnessed President Trump sign the Farm Bill into law in December. The Farm Bill legalizes hemp and hemp-based cannabidiol oil.
Yet, no matter how much