The 3 Fastest-Growing Pot Stocks Through 2024
For the past couple of months, there's a good chance that all you've been hearing about is how the work-from-home economy is going to be the place to invest moving forward. Everything from cloud computing to cybersecurity is expected to be a surefire winner.
However, Wall Street and investors might be discounting one of the strongest expected growth trends throughout the 2020s: marijuana. Despite a recent rough patch that's seen cannabis stocks contend with a number of regulatory-, supply , and tax-based growing pains, legalization efforts throughout North America and Europe should allow these companies to grow at an exceptionally fast pace.
How fast, you ask? Having run a quick screen, I was able to locate three pot stocks that are slated to grow their annual sales over the next five years (2019 through 2024) by an average of at least 59%. The criteria I used was simply that a cannabis stock had to have a market cap north of $200 million, and there needed to be a Wall Street consensus sales estimate for fiscal 2024.
Source Fool.com
