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.

Innovative Industrial Properties

The only publicly traded marijuana industry stock on the NYSE is Innovative Industrial Properties, a Real Estate Investment Trust that deals...

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