2 U.S. Marijuana Stocks to Buy and 1 to Avoid
If you were one of the lucky investors to get in on the ground floor of the cannabis industry, you're potentially sitting on a quadruple-digit gain right now. But make no mistake about it: We're still in the early innings of what could be a long-term growth story.
According to various Wall Street estimates, the legal pot industry could see sales catapult from around $11 billion in 2018 to as high as $200 billion in a decade. Even though growth estimates vary, one variable that remains constant is that the United States is expected to be the industry's most lucrative market.
Investment bank Stifel, which is responsible for the most aggressive growth forecast on Wall Street, believes the U.S. could be generating $100 billion in annual sales a decade from now. That makes the U.S. marijuana industry a potentially intriguing investment opportunity. Keeping in mind that the industry is far from mature and there are plenty of risks inherent with investing in an industry still labeled as illegal by the federal government, here are two U.S. marijuana stocks to consider buying, as well as one you'd be best off avoiding.
Source Fool.com
