Marijuana stocks rose at the end of last week, beating most top-share market indexes, quite dramatically in certain cases. Why the sudden and sharp rise? It seems to be down to two major factors.
First, investors might consider the steep price declines in the sector to be a bottom-feeding opportunity. Second, it's likely that more states will legalize marijuana. That's because public budgets are going to be strained after the SARS-CoV-2 coronavirus outbreak (hopefully) abates, and will require the extra dosh from taxes on legal weed.
So considering the circumstances, it was a relatively good week for pot stocks. Here are two more positive developments: