2 Metrics All Marijuana Stock Investors Need to Know
For much of the past year, and even beyond, the legal-weed industry and marijuana stocks have been practically unstoppable.
According to Marijuana Business Daily's latest report titled "Marijuana Business Factbook 2017," U.S. legal pot sales are expected to grow by approximately 30% in 2017, and by an estimated 300% between 2016 and 2021 to around $17 billion. Investors clearly want in on this growth, which is why we've seen so many pot stocks rally by 100% or more over the trailing year.
Of course, growth opportunities exist beyond the U.S., even if the market for marijuana in the United States is seen as more robust than most other countries. For instance, Mexico wound up legalizing medical cannabis earlier this year, and Prime Minister Justin Trudeau of Canada introduced a bill in April that could legalize recreational marijuana for adults ages 21 and up by July 1, 2018. We know from polls by Gallup and CBS News that support for legalization is there (at least in the U.S.) -- it's just a matter of figuring out which U.S. states or which countries could be next.
Source: Fool.com
