Weed stocks have incredibly high market valuations despite illegality

Weed is thriving in the stock market, but companies will need to hash out some legal issues if they want to reap the benefits in the U.S.

The stock market has given several marijuana companies valuations as high as $20 billion, but these stocks are listed with the caveat that they are unable to operate in the U.S. due to federal restrictions, reports Markets Insider. Under current laws in the U.S., the production, possession, and consumption of marijuana remains a criminal act.

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Marianne Dodson

Marianne is The Week’s Social Media Editor. She is a native Tennessean and recent graduate of Ohio University, where she studied journalism and political science. Marianne has previously written for The Daily Beast, The Crime Report, and The Moroccan Times.