$GWPH The Very First Marijuana Stock ETF Has Lost Investors Money

The marijuana industry is growing like a weed, and marijuana stocks as a whole have been carried along in tow. Over the past year, a number of marijuana stocks have seen their valuations double, triple, or, in the case of AXIM Biotechnologies, rise by more than 3,600%. Both the 2016 Gallup poll and the more recent CBS News poll, both of which asked respondents whether they’d be in favor of legalizing recreational weed nationwide, have seen support for legalization climb to an all-time high (60% for Gallup and 61% for CBS News). Residents have voted to legalize recreational marijuana in eight states since November 2012, and over the past 21 years, 28 states have legalized the use of medical cannabis.