5 Pot Stocks With 44% to 70% Upside, According to Wall Street
Making money should be easy if you "go green," according to Wall Street. But I'm not talking about renewable energy. Instead, I'm referring to one of the fastest-growing industries this decade: marijuana.
Although estimates vary, one fact that remains constant is cannabis growth is going to be rapid. Cannabis analytics firm New Frontier Data has predicted that legal weed sales in the U.S. will rise by an annualized 21% between 2019 and 2025, ultimately hitting $41.5 billion by mid-decade. Meanwhile, marijuana industry data source BDSA believes Canadian pot sales can more than double to north of $6 billion by 2026. All told, the North American cannabis scene could be generating over $50 billion a year by 2025. This is a figure that should rightly excite investors.
But among the dozens of marijuana stocks investors can choose to put their money to work in, five stand out to the professionals on Wall Street as having some of the most robust upside. If Wall Street's 12-month price targets prove accurate, these pot stocks offer upside ranging from 44% to as high as 70%.
Source Fool.com
