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Marijuana Stock Bubble 2.0 Is Here

fool.com February 13, 2021

Marijuana Stock Bubble 2.0 Is Here

A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You'll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong

You'd struggle to find an industry that's generated more robust returns than cannabis in recent months. The ETFMG Alternative Harvest ETF, a basket fund that contains an assortment of direct and ancillary marijuana stocks, is up 212% since the end of October (through Feb. 10).

In recent weeks, multiple factors have made pot stocks all the buzz.

To begin with, Democrats taking control of Congress and the Oval Office could bring about real federal cannabis reforms. During the previous administration, Republican Mitch McConnell repeatedly kept cannabis legislation from reaching the Senate floor as Senate Majority...


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