Behold, the Only Recession-Proof Marijuana Stock
The next decade should prove really special for the marijuana industry. Although growth estimates vary wildly on Wall Street, which we'd expect to see for an industry with no legal precedent in the modern era, legal cannabis sales should be capable of hitting $50 billion to $200 billion on an annual basis by 2030.
Then again, it's also an industry with a lot of growing up to do. In Canada, we've witnessed how regulatory and procedural issues, as well as the slow rollout of physical retail stores, has hampered legal weed sales. Meanwhile, states like California have been pestered by a resilient black market and exorbitant tax rates on legal pot. These growing pains are nothing new for next big thing investments.
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Source Fool.com
