Marijuana Stocks Are Being Bought Up by Big Banks

Bank of Montreal ’s total U.S.-traded marijuana stock investments, held through several subsidiaries, were valued at $73.2 million at Sept. 30, Barron’s calculates, based on a filing the bank made to the Securities and Exchange Commission.

Interesting article about how the big banks are buying cannabis stocks. This is great news for people like me who have invested in shares of these stocks too. Banks are pretty much always long term holders, which takes supply of stock out of the market. It's also a huge vote of confidence as well run banks are not known for buying risky stock investments.

Read the full story here....
https://www.barrons.com/articles/banks-buy-marijuana-stocks-1541555359