Let's Face It, Marijuana Equity Investments Have Flopped
The marijuana industry is expected to be one of the fastest-growing industries in the world this decade. Although estimates vary on Wall Street, legal weed sales are forecast to hit between $50 billion and $200 billion per year by 2030. For context, this would represent an approximate 400% to 1,800% increase in annual revenue from what the industry generated in worldwide sales in 2018.
This growth projection is a big reason cannabis stocks rapidly expanded their production capacity and product offerings, and is also why a handful of brand-name companies dipped their toes into the water over the past two years. Unfortunately for two brand-name businesses, their equity investments into cannabis stocks have not gone as planned.
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Source Fool.com
