Reefer Madness: Cannabis Stocks Draw In Investors

Some investors are high on these stocks. But the prospects for cannabis companies are hazy.

(Image credit: © HA Photography 2014)

Call it the green rush. Or the green wave. Either way, the movement toward legalized marijuana use in North America is gaining ground. November’s midterm elections saw Missouri and Utah join 31 other U.S. states where medical marijuana is legal. Michigan voters made their state one of 10 (plus the District of Columbia) where recreational use isn’t a criminal offense. Canada recently became the first industrialized nation to legalize recreational marijuana use nationwide.

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Ryan Ermey
Former Associate Editor, Kiplinger's Personal Finance

Ryan joined Kiplinger in the fall of 2013. He wrote and fact-checked stories that appeared in Kiplinger's Personal Finance magazine and on He previously interned for the CBS Evening News investigative team and worked as a copy editor and features columnist at the GW Hatchet. He holds a BA in English and creative writing from George Washington University.