2 Pot Stocks That Could Make You Richer
The global marijuana industry hit a valuation of $13.2 billion in 2021. By the year 2030, this sector is on track to realize a stunning valuation of more than $102 billion. That's a compound annual growth rate of roughly 26%.
It's no secret that the marijuana industry has faced its fair share of headwinds in recent years as legalization has lagged behind where many thought it would be at this point. And in some markets that had first-mover advantage with earlier legalization, a surplus of cultivators hoping to capitalize on the the green wave has led to more available product than consumers are willing or able to currently buy.
All that being said, the scope of the marijuana industry, the gradual but meaningful efforts to make changes at the state level to marijuana legislation, and the possibility that even changes on the federal level could be on the table in the future, are all green flags for this space. If you want to invest in the future of the marijuana industry, here are two stocks to add to your watchlist and consider buying in the near future.
Source Fool.com
