It Took Just 10 Days for Nevada's Recreational Marijuana Industry to Fall Into a State of Emergency

It Took Just 10 Days for Nevada's Recreational Marijuana Industry to Fall Into a State of Emergency

When discussing the fastest-growing industries on the planet, few, or none, may top the legal marijuana industry. According to cannabis research group ArcView, North American legal pot sales are expected to soar from $6.9 billion in 2016 to nearly $22 billion by 2021. This growth is being fueled by state-level and countrywide expansions, as well as the ability to bring what was more than $46 billion in black-market marijuana sales in North America last year over to legal channels in the years to come.

It's because of this growth that marijuana stocks have been on fire. A vast majority of the largest weed stocks have seen their share prices double or triple over the past year in anticipation of growing demand, higher sales, and juicy profit potential.

Pot stocks have also benefited from a clear shift in the public's views toward marijuana. An all-time record percentage of people in Gallup's (60%) and CBS News' (61%) latest polls want to see weed legalized across the country.

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Source: Fool.com