Up to 1 Million Kilos of Marijuana Production Has Been Cut in Canada for 2020
At this time last year, there arguably wasn't a hotter or more popular investment opportunity than marijuana stocks. It's not hard to understand why, either, if you simply look at the industry's recent growth trends or Wall Street's sales forecasts.
Between 2014 and 2018, worldwide weed sales more than tripled to $10.9 billion, according to the State of the Legal Cannabis Markets report from Arcview Market Research and BDS Analytics. Furthermore, a variety of Wall Street projections have been calling for roughly a fivefold to 18-fold increase in sales by the end of the next decade. This aggressive growth forecast is what made pot stocks so popular among retail investors, and is a big reason cannabis stocks expanded their production capacity as quickly as they could.
But one year has made a world of difference in the cannabis space.
Source Fool.com
