2 Smart Ways for Robinhood Investors to Play the Cannabis Craze

Though all eyes have been on the tech sector for more than a year, it's cannabis that might offer the greatest growth opportunity for investors through the end of the decade.

Although estimates vary wildly -- as we'd expect from an industry that's operated illicitly for decades -- sustainable double-digit growth is the expectation. New Frontier Data has forecasted 21% average annual sales growth between 2019 and 2025 in the U.S., which would lead to more than $41 billion in yearly revenue by mid-decade. Meanwhile, cannabis-focused research firm BDSA expects Canadian pot sales to more than double from $2.6 billion to $6.4 billion between 2020 and 2026.

This rapid growth, coupled with the general favorability of cannabis by the younger generation, is precisely why millennials on online investing app Robinhood have piled into marijuana stocks.

Source Fool.com