This Under-the-Radar Cannabis Partnership Is a Bigger Deal Than You Realize
While there are a number of high-growth industries for investors to choose from, it's the "green rush" of marijuana that continues to attract the bulk of the attention on Wall Street. With double-digit growth potential per year over the next decade and some Wall Street firms calling for as much as $200 billion in annual worldwide sales, it's easy to see how cannabis could be the leading growth industry in the years to come.
But make no mistake about it: The United States is the one market around the globe where the marijuana industry is focused. Despite Canada becoming the first country to legalize recreational marijuana, peak Canadian weed sales will pale in comparison to the U.S., which investment bank Stifel believes could reach $100 billion annually in a decade, assuming federal legalization of the drug. It's for this reason that pot stocks have been so aggressively investing in the U.S. market, when available.
Last week, we witnessed one of these deals take place.
Source Fool.com
