This Marijuana Stock, With Its Eggs in 1 Basket, Popped 14% Last Week

When it comes to the markets' fastest growing industries, investors would have a hard time finding a group of stocks growing quicker than marijuana. According to a report from Marijuana Business Daily, the U.S. legal-weed industry is expected to grow by an aggregate of 300% between 2016 and 2021 to approximately $17 billion. That type of growth is tough to ignore, which is why investors have been flocking in droves to marijuana stocks.

Of course, as you're probably well aware, the marijuana industry is a double-edged sword. While it could provide consistent double-digit growth, it's also entirely illegal in the U.S., according to the federal government. And despite progress being made in Canada that could lead to the legalization of recreational weed by next summer, it's still illegal throughout all of North America at this point. This bifurcation between state-level expansion and federal stagnation in the U.S. is what gives marijuana stocks their high levels of volatility.

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Source: Fool.com