Men accounted for 75 percent of all cannabis-related securities trades over the past month, higher than the usual share of male traders, according to data from TD Ameritrade. At the end of last year, baby boomers were more likely to trade marijuana stocks, but now the online broker is seeing more interest among millennials. The younger cohort also trades more actively — about 25 percent more than other groups.
Weed stocks have been caught up in a frenzy of interest that’s produced massive gains and dramatic volatility in recent weeks, with an exchange-traded fund focused on the industry surging 78 percent in just the past five weeks. It may not be surprising that men are the primary traders of weed stocks, since studies show they’re about twice as likely as women to use marijuana.
