Coming Soon to Nevada: Pot Lounges?
Few industries have had investors seeing green over the past year like legal marijuana. According to a recently released report by Marijuana Business Daily entitled "Marijuana Business Factbook 2017," the legal weed market in the U.S. could grow by about 30% in 2017 and by a cumulative 300% between 2016 and 2021 to more than $17 billion. These growth figures are more than enough incentive to drive investors to grab a pot stock or three for their portfolios.
These growth figures have also been backed by a notable shift in consumer opinion toward legalizing pot. In 1995, the year before California legalized medicinal cannabis for compassionate use, just 25% of those surveyed by Gallup wanted to see it legalized for adult use across the United States. But by October 2016, approval for the idea of a national legalization had spiked to 60%, an all-time high.
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Source: Fool.com
