3 Brand-Name Companies That Could Benefit in a Big Way If Marijuana Keeps Expanding
Few industries have investors seeing green like the legal marijuana industry at the moment. According to "Marijuana Business Factbook 2017," a report released by Marijuana Business Daily earlier this year, legal U.S. cannabis sales are expected to grow by 30% in 2017, 45% next year, and an aggregate of 300% between 2016 and 2021 to approximately $17 billion. Finding that sort of consistent growth isn't easy, which is why investment dollars have flocked to the space.
But we may just be seeing the tip of the iceberg in terms of what the pot industry is capable of. Cannabis research firm ArcView estimates that more than $46 billion in North American weed sales remain on the black market, while surveys from Gallup and CBS News find that a record percentage of Americans want to see pot legalized nationally. In other words, the table is set for expansion.
Image source: Getty Images.
Source: Fool.com
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