Are the IRS and DOJ Conspiring to Crack Down on Marijuana Businesses in Colorado?
Few industries offer the hype or growth prospects that are currently surrounding legal marijuana. A March 2017 report from GreenWave Advisors predicted that the legal cannabis industry in the U.S. could grow at a compound annual rate of 36% between 2016 and 2021, leading to a $30 billion market. Investment firm Cowen & Co. has gone one step further, predicting $50 billion in U.S. sales by 2026.
This rapid growth has meant one thing for marijuana stock investors and the businesses that operate in the industry: big returns. The average return of the 14 largest marijuana stocks by market cap is well in excess of 100%, and investors see little signs of slowing in the years to come, with favorability toward pot improving with each passing year.
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Source: Fool.com
