Every now and then, on Wall Street, a penny stock surfaces from nothingness and generates ridiculous gains in a short time period (the medical marijuana healthcare sector being the latest example). The gains are often short lived, as investors quickly realize the rise of the stock was caused by nothing more than hype and speculation, not fundamentals.
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Our Chronic Addiction
As the United States slowly inches toward ending its ill-fated War on Drugs, first decriminalizing marijuana, we have begun to see the first attempts to build legitimate businesses around pot. With the legalization of marijuana in Colorado and Washington, the growth of medical marijuana in several states (including California), and the diffuse relaxation of penalties for pot-related crimes, many have recognized the enormous potential market for legal weed, especially if current trends continue.
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