This Marijuana Study Could Be Just The Spark That Pot Stocks Need

These included nearly 106,000 adolescents ages 12 to 14, almost 111,000 ages 15 to 17, and approximately 222,000 young adults ages 18 to 25. The findings demonstrated that the youngest adolescent crowd (12-14 years old) had a “strong disapproval” of marijuana ranging from 74.4% to 78.9%, and there was a noted reduction in use between 2002 and 2013 in this age range. Although adolescents15-17 years old failed to show a trend among marijuana disapproval over the 11-year study period, a significant drop in use rates of marijuana over the prior 12-month period was observed (26.2% in 2002 compared to 21.9% in 2013). Perhaps even more notable was the interesting bifurcation among young adults (ages 18 to 25). There was a substantial decrease in those that strongly disapproved of marijuana from 40.5% in 2002 to 22.6% by 2013, yet the number of marijuana users in this group ticked up by just 2% over the 11-year period. Why investors might love this study Marijuana businesses and investors in pot stocks should be particularly happy with the last set of data from this study concerning young adults as it implies that young adults are capable of making decisions on their own using the information accessible to them on marijuana. A softening stance on marijuana coupled with a minimal uptick in use rates could alleviate concerns from lawmakers that legalizing the drug would turn society on its head, so to speak, and expose young adults to the negative effects of marijuana. Source: Federal Reserve Bank of New York via Facebook. It’s no secret that pot stocks are counting on an eventual change in the federal government’s stance on marijuana (either a legalization or decriminalization of the drug) in order to thrive.

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