Finding the top stock in an emerging industry has often served as a path for massive returns. Many investors say they wished they had bought growth stocks like Amazon (NASDAQ: AMZN) or Netflix after they launched their IPOs.
Though not every IPO will turn into the next Amazon, fast-growth companies such as GrowGeneration (NASDAQ: GRWG) and Redfin (NASDAQ: RDFN) could bring massive returns as they lead their emerging industries.
As America's marijuana boom expands and more states loosen legal restrictions, the industry needs suppliers. GrowGeneration has emerged as a chain of retail stores providing hydroponics supplies to these growers.
Source Fool.com