Marijuana Stock Investors, Take Note: The Weed Industry Could Create 283,422 Jobs by 2020
Investors are always on the lookout for fast-growing industries, which means there's no surprise why marijuana stocks have been such strong performers over the past year. Far more pot stocks than not with a market cap of at least $200 million have doubled or tripled in value over the past year.
Optimistic growth figures for the industry are seemingly everywhere. Aside from the fact that a record number of Americans surveyed by Gallup and CBS News want to see cannabis legalized from both a recreational and medical perspective, the sales growth in the legal-weed industry has been phenomenal. Following 34% growth in legal weed sales in North America last year to $6.9 billion, total sales of recreational and medical marijuana are forecast to expand to $21.6 billion in North America by 2021, according to ArcView Market Research. This sustainable growth has been precisely why investors have latched on to marijuana stocks as possibly the greatest thing since sliced bread.
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Source: Fool.com
