By Matthew Makowski The listing of medical marijuana stocks has certainly helped weed go legit. Once Cronos Group (Nasdaq: CRON) began trading on the Nasdaq, the cat was out of the bag. And just like that, Reefer Madness took on a much different connotation.
It wasn’t long ago that Big Pharma was a major opponent to the legalization movement. Purdue Pharma and Abbott Laboratories (NYSE: ABT) were making big bucks from their pain-killing opioids. And they weren’t too keen on facing off against new competition. Legal marijuana posed a major threat to Big Pharma’s bottom line.
What a difference a few years make. The …read more
