3 Marijuana Stocks You Can Buy and Hold for the Next Decade
The coronavirus pandemic that wreaked havoc on most sectors globally has spared the marijuana industry. Cannabis sales spiked amid the pandemic, especially during the lockdown when the drug was listed under essential services. Sales even surged last year in Canada, where revenue has been dampened in prior years due to a lack of legal stores.
The story was even better in the U.S, where legal cannabis sales in the U.S. grew 46% year over year to $17.5 billion in 2020. While the drug remains illegal on a federal level, state-by-state legalization is ramping up.
Both Canadian and U.S. marijuana stocks did exceptionally well last year. But there are three that have caught my attention with their remarkable performance and growth strategies in 2020. I believe these three pot companies have the potential to help investors earn some exciting returns over the next decade.
Source Fool.com
