Swedish Investors, best known for their investments in large tech companies and the recently popularized bitcon, have been pouring their money into the legal cannabis stock market since the new year.
Just last month, Aurora Cannabis (TSE: ACB) and Canopy Growth Corp (TSE: WEED) were two stocks with the highest traded volume on the Nordent, a Swedish bank for investments, savings, and loans. More than 50,000 trades in public marijuana stocks were made by Swedish investor in January which is interesting because of the country’s legal stance on cannabis.
The cannabis laws in Sweden are some of the harshest found on the European continent. The country finds cannabis to be Federally illegal and bands the transport, consumption, and growth of any cannabis. Most investors in the country are willing to look past their personal preferences to make a quick Krona.