High Times: Are Marijuana Stocks A New Bubble?

A (nearly) freely available product has never before become a market commodity overnight. Something which was almost a non-entity to investors for a hundred years is suddenly one of the investment world’s most talked about commodities. The legalization of Marijuana for recreational use in Washington and Colorado will be an interesting process for many reasons. It’s effects on the stock market, if we are to judge by recent event, will be particularly interesting. In the weeks immediately following the legalization of marijuana in the two states, the stock price of Medbox Inc (PINK:MDBX) jumped over 3000%, sending its share price…