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Many mutual funds and investment advisors brag when they have close to that ROI over an entire year and the US administration is taking credit for the S&P ROI. I am certainly not going to weigh in on US politics but even if one believes the US administration contributed to the 2017 stock market success one must accept that the stock market would have gained some amount regardless and therefore the ROI one can attribute to the Federal administration is less than the 18% 2017 ROI. However, if one is to accept that then one must also accept that the US Marijuana index’s 22% 2017 ROI is less than it would have otherwise been due to this same Federal administration. And in fact, the US MJ index is actually up 99% since its low in November. A 99% ROI in less than two months dwarfs that of the S&P. Why is this important to know and consider? Because share prices are likely being kept down due to the current administration’s policy and once that policy changes it should be like a cork on a champagne bottle. The “ROI” pressure is being bottled and artificially supressed – that pressure will one day be released to the benefit of shareholders. Imagine the sudden ROI that is potentially waiting once either the policy changes to catch up with the more progressive countries.
If you have not yet invested in this industry here are 40 Billion reasons to consider doing so and an industry with this growth projection may be somewhat recession/bear resistant too in the near term.