This Marijuana Stock Is Up 2,500%, but It Has 2 Major Red Flags
The legal-marijuana industry is growing like a weed, and marijuana-stock investors simply can't help taking notice.
Last year, according to cannabis research firm ArcView, North American legal-pot sales grew by 34% to $6.9 billion. This, however, is just the tip of the iceberg. You see, ArcView also estimated that $46.4 billion in North American weed sales last year was conducted on the black market, meaning there's a very large multi-year opportunity for these consumers to be brought into legal channels. This opportunity, along with organic growth from ongoing state- and country-level expansion, has fueled investors' interest in marijuana stocks.
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Source: Fool.com
