The numbers 11 and 33 come up quite often when the topic of marijuana legalization is discussed. Currently, 11 U.S. states allow the legal use of recreational marijuana, while 33 states have legalized medical cannabis. But those numbers could soon change.
Nine states could be on track to hold key votes on some form of marijuana legalization in 2020. Here are the states that could be next on the marijuana map -- and the stocks that could be poised to profit the most.
California cannabis distributors are warning about what they call a “double-taxation” situation in San Diego that’s raising costs for businesses.
If the practice is adopted by other cities and counties, distributors note, it could contribute to further market instability in the state overall by squeezing profit margins and raising product costs for consumers.
Origin House (NASDAQOTH:ORHOF) and MariMed (NASDAQOTH:MRMD) rank as two of the hottest marijuana stocks on the market. Over the last 12 months, both stocks have come close to tripling.
So far in 2019, Origin House has emerged as the bigger winner by far. But which of these stocks is the better pick now? Here's how Origin House and MariMed stack up against each other.