Marijuana Prices Are Plunging in Colorado, and That Could Be Bad News
Few industries are growing as quickly and consistently as legal marijuana, which is a big reason investors haven't been able to get enough of marijuana stocks in recent years.
According to investment firm Cowen & Co., the legal U.S. cannabis market is expected to reach $50 billion in annual sales by 2026. On a more intermediate basis, cannabis research firm ArcView is looking for a compound annual growth rate of 26% through 2021 in North America, which would yield almost a $22 billion market by 2021. That rapid growth could be the ticket to substantial gains for investors willing to gamble on a substance that's still wholly illegal at the federal level in the United States.
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Source: Fool.com
