The 3 Marijuana Stocks With the Most Cash on Their Balance Sheets
There aren't too many industries that can hold a candle to the returns of cryptocurrencies these days, but the marijuana industry isn't going down without a fight. Marijuana stocks certainly have investors seeing green, with a majority of pot stocks in excess of $200 million in market cap at least doubling in value over the trailing year.
The reason for this strength in the legal weed industry is twofold. First, investors are excited about the consistent sales growth they're seeing. Cannabis research firm ArcView noted that legal weed sales grew by 34% in North America last year to $6.9 billion, and they're anticipated to jump to $21.6 billion by 2021. That suggests plenty of opportunity for investors to find winners in this rapidly growing industry.
Image source: Getty Images.
Source: Fool.com