These 3 Pure-Play Marijuana Stocks Are Generating the Highest Annual Sales
Marijuana stocks are blazing hot, and it's not hard to see why. According to ArcView, a leading cannabis research firm, the compound annual growth rate for legal North American weed sales is estimated to be 26% between 2016 and 2021. In terms of numerical value, we're talking about almost $15 billion in legal sales growth as a result of ongoing legalization efforts in Canada, Mexico, and the U.S., as well as organic growth opportunities in already legal nations and states.
We've also witnessed a very discernible shift toward favorability among the American public. CBS News' latest poll from April 2017 found that an all-time record number of respondents (61%) wants to see pot legal across the country. A separate study from Quinnipiac University, also this past April, found almost universal support (94%) for medical cannabis when asking if it should be legal in the United States.
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Source: Fool.com
