94% of Americans Support Legalizing Medical Marijuana, but Not Congress
When it comes to the fastest, most consistently growing industries in the U.S. right now, legal marijuana is near the top of the list. Investment firm Cowen & Co. has predicted that U.S. legal pot sales could grow to as much as $50 billion by 2026, with research firm ArcView estimating a compound annual growth rate (CAGR) of 26% between 2016 and 2021.
These rapid growth rates have played a big role in attracting a lot of money to the industry. A majority of the largest marijuana stocks has at least doubled in value over the trailing-12-month period, and an estimated CAGR of 26% is only likely to fuel the imaginations and expectations of pot stock investors.
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Source: Fool.com
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