The 4-Letter Word Cannabis Investors Need to Know
Over the next decade, the global marijuana industry is expected to deliver once-in-a-generation-type growth potential. Following a year that saw worldwide licensed-store sales climb to $10.9 billion, projections from Arcview Market Research and BDS Analytics suggest that global weed sales could top $40 billion by 2024, with most investment banks on Wall Street looking for anywhere from $50 billion to $200 billion in annual sales by 2029 or 2030.
This forecasted surge in legal marijuana sales is why Wall Street and investors have been piling into cannabis stocks since the beginning of 2016. Even following four very rough months for pot stocks since the beginning of April, the industry's biggest names have risen by a quadruple-digit percentage in less than four years.
Image source: Getty Images.
Source Fool.com