Investing $10,000 in Canopy Growth and Aurora Cannabis 4 Years Ago Would Be Worth This Much Today
Few industries have grown as rapidly in recent years as marijuana. Between 2014 and 2018, worldwide legal weed sales more than tripled to $10.9 billion. Meanwhile, Wall Street is forecasting that global annual pot sales could hit $50 billion, at minimum, by 2030. Even with the recent growing pains the North American pot industry has contended with, this represents a healthy rate of expansion.
Although there are no shortage of marijuana stocks for investors to choose from, there's no denying that Canadian pot stocks have been among the most prominent and popular. In particular, Aurora Cannabis (NYSE: ACB) and Canopy Growth (NYSE: CGC) have continually stood out from their peers as being the preferred way to play the green rush.
Image source: Getty Images.
Source Fool.com