5 Brand-Name Companies Involved in the Marijuana Industry
Even though cannabis stocks have languished badly of late, sales in the global marijuana industry are thriving. After registering $10.9 billion in global sales in 2018, according to Arcview Market Research and BDS Analytics, worldwide licensed pot-store sales should top $40 billion by 2024. That's a compound annual growth rate of better than 24%.
This rapid growth is a big reason investors have flocked to marijuana stocks, and confirms why cannabis companies have been spending so aggressively to gobble up early stage market share. But this growth isn't lost on brand-name companies, a handful of which have formed deals with cannabis stocks, or decided to dip their toes into the pond, so to speak. Here are five household names that are now actively involved in the marijuana space.
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