It's Time to Buy Cannabis Stocks, Says 1 Wall Street Firm
At this time last year, marijuana was considered to be the hottest investment trend on Wall Street. That's because it was projected to be one of the fastest growing industries over the next decade. Although estimates on Wall Street vary wildly, the expectation is that legal weed sales would grow to between $50 billion and $200 billion annually in roughly a decade's time.
Unfortunately, things haven't gone as planned, and over the past seven months, we've witnessed marijuana stocks go up in smoke. The Horizons Marijuana Life Sciences ETF, which contains more than five dozen cannabis stocks of various weightings, has shed 50% of its value since the end of the first quarter, with a number of very prominent pot stocks performing even worse.
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Source Fool.com
