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Wall Street's Attraction to Cannabis Continues to Grow

Submitted by Marijuana News on Tue, 10/11/2016 - 08:48

Wall Street is becoming increasingly more focused and attracted to the legal cannabis sector, the fastest growing industry in the world.

From Cowen and Co. picking up coverage on Kush Bottles (KSHB), an OTC stock, to Goldman Sachs initiating coverage on GW Pharmaceuticals (GWPH) with a Buy rating and a $189 price target, it is clear that the tide is turning.

Legal Cannabis Coming

Legal cannabis is coming and the 2016 election will serve as a catalyst to the cannabis industry as a record number of states are voting on some form of legal cannabis.

With California voting on legal recreational marijuana and a legal medical marijuana initiative on the ballot in Florida, the elections represent a watershed moment for the cannabis industry.

Not only are a record number of states voting on legal cannabis, but the polls show that legal cannabis is leading in every state...

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