The Only 2 Marijuana Stocks to Report a Profit in Their Latest Quarterly Results
Legal marijuana sales are soaring, and investors are relishing the industry's growth. A quick glance at the roughly one dozen largest marijuana stocks reveals that two-thirds have at least doubled in value over the trailing year.
In terms of sales figures, cannabis research firm ArcView pegged 2016's legal North American growth at 34% to $6.9 billion. By 2021, ArcView anticipates that North American legal pot sales, inclusive of medical and recreational weed, will approach $22 billion. This 26% compound annual growth rate is a function of state- and country-level expansion, organic growth within already legal states, and the movement of sales from black market to legal channels. Investors would likely struggle to find an industry that has 26% annual growth potential over a five-year stretch, which is why they've clung onto marijuana stocks.
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Source: Fool.com
