Wall Street Just Upgraded This Cannabis Stock, but It's Far From a Buy
Many years from now, it's quite possible investors will look back on the cannabis industry as this generation's greatest growth trend. After the industry logged $3.4 billion in legal global sales in 2014, Wall Street forecast sales of anywhere from $50 billion to as high as $200 billion by 2029/2030. That's a robust double-digit annual growth percentage that's bound to get Wall Street and investors excited.
Then again, the past couple of months have been anything but exciting for marijuana stocks investors. With few exceptions, pot stocks have been taken to the woodshed since April began, with supply issues in Canada and high tax rates in recreationally legal U.S. states weighing on their performance. Of course, for one Wall Street firm, this weakness looks like the opportunity to buy.
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Source Fool.com
