Intrexon’s Latest Pitch: We’re a Pot Stock [The Motley Fool]
INTREXON CORP (XON)
Last intrexon corp earnings: 11/12 07:30 am
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Source: The Motley Fool
Intrexon wants to make it easier for companies to create products that are high in cannabinoids. The argument for investing in Intrexon Corp ( NYSE:XON ) has taken some turns over the past few years. There's the buy it because it's a gene therapy company argument, the buy it because it's tackling mosquito-borne illnesses argument, the buy it because it's a biofuels pioneer argument, and now there's the buy it because it's reimagining marijuana production argument. Do Intrexon's pot plans make it a stock to buy? First, some background There's a groundswell of support in the U.S. to legalize marijuana and bring its sales out of the shadows. So far, 31 states have passed recreational marijuana laws, and nine states have passed laws creating recreational marijuana marketplaces. IMAGE SOURCE: GETTY IMAGES. The success of the recreational marijuana markets that have been up and running longest is significant. For example, Colorado's marijuana sales we
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