This Marijuana Stock Offers a Compound Annual Growth Rate of 232%
When it comes to the market's fastest-growing industries, you'd have a hard time topping legal marijuana. According to the latest report from Marijuana Business Daily entitled "Marijuana Business Factbook 2017," U.S. legal weed sales are expected to grow by approximately 30% in 2017, 45% the following year, and explode higher by roughly 300% between 2016 and 2021. This would push the U.S. legal cannabis market to around $17 billion by 2021.
Though that may sound like rapid growth, a lot hinges on what the U.S. federal government will do with regard to states' rights. Now-former White House press secretary Sean Spicer intimated in February that a federal crackdown on pot could be coming, and Attorney General Jeff Sessions has, on more than one occasion, offered very negative views of cannabis' expansion. The future of pot in the U.S. remains very much uncertain.
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Source: Fool.com
