The Most Popular Pot Stock Has Earned 2 Sell Ratings From Wall Street in a Month
The long-term outlook for the cannabis industry remains bright. After worldwide sales totaled $10.9 billion in 2018, a more than tripling from the $3.4 billion in legal revenue recorded in 2014, various Wall Street estimates have forecast $50 billion to $200 billion in global sales by the end of the next decade. Such growth would allow a variety of marijuana stocks to succeed and, presumably, make their shareholders a handsome profit.
But as we've learned from all next-big-thing investments, no industry ever launches without growing pains. The past six-plus months have been filled with growing pains for the marijuana industry, which is contending with supply concerns in Canada, tax issues and oversupply worries in select recreationally legal U.S. states, and a host of other issues.
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Source Fool.com
