Last Year, Around $23B Were Lost By Marijuana Investors In Penny Stocks

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In 2014, pot companies had the most drastic ups and downs for penny stocks according to data analyzed by Openfolio, a social network for investors to share which stocks they’re trading.

According to the data, which Openfolio shared with Motherboard, stocks in Medical Marijuana Inc. (MJNA) , an umbrella company that sells cannabis-based wellness products, are down 94.4 percent since their peak price in 2014 and investors lost a total of $1.7 billion.

To read more, visit http://motherboard.vice.com/read/marijuana-investors-lost-billions-in-penny-stocks-last-year

Posted in: Investing

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