This Is the Top Marijuana Stock to Buy in May

For the past year, the marijuana industry has been nothing short of a train wreck. Although we're talking about a group of stocks that proved virtually unstoppable during the first quarter of 2019, most pot stocks have seen anywhere from 50% to 95% of their value wiped away over the past 13 months.

But in spite of this weakness, there's still plenty of hope that cannabis stocks can deliver the green. After all, tens of billions of dollars in sales are still being conducted each year in the black market. If a steady number of these consumers can be moved to legal channels over time, there's absolutely no reason legal weed sales couldn't hit at least $50 billion annually by 2030. For context, global pot sales totaled $10.9 billion in 2018.

The big question is, which marijuana stock(s) should be purchased to take advantage of the "green rush?"

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Source Fool.com