Cannabis stocks don't take long to get high

Global sharemarkets are going to pot as a large number of marijuana companies have listed in recent years, including on the Australian sharemarket.

Cann Group, which listed on the ASX earlier this month, is trading at A57c a share compared with its A30c a share IPO price. This strong sharemarket performance is consistent with the performance of most listed pot companies over the past 12 months.

When are we going to see a marijuana company listed on the NZX? How long will it be before we have the opportunity to invest in companies that could be called Coromandel Gold and Northland Green?

There are over 50 cannabis companies listed on global markets, mainly in the United States and Canada. Their share price performance has been very strong, albeit volatile, over the last 12 months.

The 32 stock North American Marijuana Index, which contains 20 US and 12 Canadian companies, has...

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