2 Pot Stocks in Big Danger of a Writedown
For years, the marijuana industry has been budding before Wall Street's and investors' eyes. After growing to $10.9 billion in legal licensed-store sales in 2018, the newest report, "State of the Legal Cannabis Markets," from Arcview Market Research and BDS Analytics calls for a compound annual global growth rate of better than 24% through 2024. For you math-phobes, we're talking about greater than $40 billion in global licensed sales by 2024.
This type of growth opportunity simply doesn't come around often, which is why we've witnessed a flurry of aggressive expansion and acquisition activity since the beginning of 2018. The goal, of course, is to grab as much early stage market share as possible. Unfortunately, this acquisition free-for-all might come at a price to the shareholders of a select few cannabis stocks.
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Source Fool.com
