Marijuana Stock Goodwill Is a Potential $10 Billion Powder Keg

Few industries offer as much long-term promise as legal cannabis. After worldwide sales of legal weed more than tripled between 2014 and 2018, independent researchers Arcview Market Research and BDS Analytics have forecast a near-quadrupling in global sales through 2024 to north of $40 billion. Beyond that, Wall Street sees pot sales jumping as high as $200 billion by the end of the next decade.

However, things have been anything but green for marijuana stocks of late. Over the trailing year, nearly every cannabis stock has lost a double-digit percentage on a trailing-12-month basis, with the Horizons Marijuana Life Sciences ETF, the first exchange-traded fund focused on cannabis, losing about half of its value since mid-October 2018.

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Source Fool.com