Sundial Growers' Price Target Just Jumped 20% -- but There's a Catch
Few industries are hotter right now than marijuana. According to analytics firm New Frontier Data, weed sales in the U.S., the largest cannabis market in the world, could triple to as much as $41.5 billion by 2025.
We're also beginning to see signs of the Canadian pot industry maturing. Provinces that had struggled to approve dispensary licenses are finally moving past these initial hurdles, while licensed producers are bringing their output and costs in-line with prevailing domestic demand.
There's even speculation that the U.S. could legalize marijuana at the federal level. Support for cannabis legalization is substantially higher among Democrats than Republicans, and Democrats now control Congress by the slimmest of majorities. This has investors piling into marijuana stocks big and small.
Source Fool.com
