5 Marijuana Stocks Overflowing With Cash
Marijuana may be illegal at the federal level, but that hasn't slowed growth of the drug one iota within the U.S. or North America. In June, Mexico fully legalized medical cannabis, and right now Canada is debating legislation that would legalize recreational marijuana by the summer of 2018. This expansion comes on top of continued growth in the U.S. market, which now has 29 medical cannabis-legal states, and eight that allow adult-use sales.
According to ArcView, one of the leading cannabis research firms, legal weed sales soared in North America by 34% last year, and they're slated to grow by an average of 26% annually through 2021. That type of growth is certainly enough to attract investors to marijuana stocks, which have risen as a group by more than 100% over the trailing year.
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Source: Fool.com
