2 Best Pot Stocks to Buy and Hold for the Next 10 Years
Despite losing over half its value during the last three quarters of 2019, the legal marijuana industry hasn't exactly been a safe haven for investors during the COVID-19 pandemic. Several of the industries biggest names, in fact, have lost another third of their value since the start of 2020.
The top legal marijuana companies in Canada and the U.S. have been crushed by a tsunami of self-inflicted wounds, along with burdensome governmental regulations and high taxes in key commercial territories.
There is no denying the industry's monstrous long-term value proposition, however. By the end of the decade, global marijuana sales from legit businesses are expected to surpass $50 billion a year. If the industry can successfully break into other ancillary markets like cosmetics and the wellness space, annual legal pot sales may even top $200 billion by 2030.
Source Fool.com
