1 Surprising Stat That Could Help Jump-Start This Struggling Sector
If you're investing for the long term, it can be beneficial to stake out positions in some high-growth industries before they take off. One opportunity that investors are likely overlooking right now is in cannabis. The big drawback is that while cannabis products are legal in dozens of states, cannabis remains banned on a federal level.
It's unclear how long investors may need to wait until that changes and legalization takes place. But there's one impressive and surprising stat that should grab the attention of lawmakers and investors, and it suggests that changes could come sooner rather than later.
Data from Gallup polls last month confirmed what many people in the country already know: marijuana is rising in popularity. According to one poll, 16% of Americans admitted to smoking marijuana within the past week. By comparison, only 11% of people claimed to have smoked tobacco cigarettes over the same period. That's the first time that Gallup data has shown that marijuana is more widely used than tobacco.
Source Fool.com
