This Marijuana Stock Has Gained 150% Over the Past Month
In case you haven't noticed, marijuana stocks are growing like a weed. A majority of those with a market cap of at least $200 million have had their share price double or triple over the trailing year as optimism surrounding legal weed grows.
Rapidly rising sales figures have certainly played a role in boosting investor confidence in pot stocks. Marijuana Business Daily's newest report, "Marijuana Business Factbook 2017," calls for 45% legal cannabis sales growth in the U.S. in 2018 and a quadrupling in total U.S. sales between 2016 and 2021 to approximately $17 billion. Consistent annual growth in the 25% to 35% range is certainly something worth paying attention to.
Image source: Getty Images.
Source: Fool.com
