The Eye-Popping Number in Aurora Cannabis' Fourth-Quarter Report That Investors Need to Know
The marijuana industry is growing like wildfire, and marijuana stock investors have taken notice. Over the trailing year, more pot stocks than not with a market cap of at least $200 million have doubled in value, if not moved even higher.
It's not hard to understand why investors are so excited about the prospects for legal cannabis. Cannabis research firm ArcView estimates that North American legal sales totaled $6.9 billion in 2016, up 34% from the previous year. But it's the $46.4 billion in black-market sales throughout North America last year that has investors excited. Continued legalization efforts and organic growth within existing states and countries gives investors numerous ways to take advantage of the green rush.
Image source: Getty Images.
Source: Fool.com
