Cannabis Stocks Peaked 1 Year Ago Today, and It's Been a Disaster Ever Since
The marijuana industry is thought of as one of the fastest-growing investment opportunities on the planet. Between 2014 and 2018, global sales of legal weed more than tripled from $3.4 billion to $10.9 billion, and the State of the Legal Cannabis Markets report from Arcview Market Research and BDS Analytics calls for a near-quadrupling from 2018 levels to $40.6 billion by 2024.
This is a growth rate typically reserved for game-changing technological breakthroughs, not a plant. Nevertheless, it's played a big role in pushing cannabis stock valuations into the stratosphere.
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Source Fool.com
