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.
You may be interested
MJardin Group Announces CSE Listing and GrowForce AcquisitionEditor - November 16, 2018
MJardin Group, Inc. (CSE: MJAR) announced earlier this week that the company will begin trading the company’s common stock on the Canadian Securities Exchange, under the ticket…
Invictus Strategies Corp. to Acquire GTEC Holdings in Exchange for $100M in StockEditor - November 16, 2018
Invictus Strategies Corp. (TSXV: GENE) (OTCQX: IVITF) has announced this morning that the company has entered into an agreement to acquire GTEC Holdings Ltd. (TSXV: GTEC) (OTC:…
Columbia Care Receives Licenses from Maltese GovernmentEditor - November 15, 2018
Columbia Care LLC. has announced this morning that the company has gain approval from Malta Enterprises, the regulatory economic development agency in the country, to receive licenses…