Cannabis Stock Index Grew 236% In 2016

Putting money into the marijuana industry has become one of the hot topics for stock market investors.

The internet abounds with articles and a rapidly increasing number of advertisements ready to advise people on what marijuana stocks to invest in and how to maximize a cannabis-heavy stock portfolio.

Some compare it to the tech boom of the late 1990s. Whether that is true remains to be seen.

However, one company offers a fairly straightforward assessment of how cannabis-related stocks have performed. And for 2016, they indicated a growth of 236 percent. By way of comparison, the S&P 500 gained just under 10 percent in 2016.

And potential investors can also track the performance of the one marijuana business now listed on the New York Stock Exchange.

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