Better Know a Marijuana Stock: Cronos Group
Chances are that if you looked around, you'd struggle to find an industry with as robust a growth rate as legal marijuana. In fact, over the trailing year, the average marijuana stock has risen by more than 100%.
Why such bullishness? Legal sales' growth figures and a growing favorability toward marijuana have played a big role. A 2016 survey from Gallup, and a more recent poll from CBS News in April of this year, found that a record number of Americans (60% and 61%, respectively) want to see pot legalized across the country. Add the icing on the cake, which in this case is an estimate from cannabis research firm ArcView that North American legal sales growth should average 26% through 2021, and you have every reason for marijuana stock investors to believe this industry could be the greatest thing since sliced bread.
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Source: Fool.com
