The Most Undervalued Marijuana Stock Is...
Marijuana is arguably the hottest and fastest-growing industry in North America. According to cannabis research firm ArcView, legal weed sales in North America jumped by 34% in 2016, and they're expected to grow by 26% per year through 2021. We could be talking about a nearly $22 billion industry in just a few years' time if these projections prove accurate.
There's certainly good reason to believe we'll continue to see superior legal sales growth. Mexico legalized medical cannabis back in June, while Canada is in the midst of reviewing legislation that would make recreational weed legal as of July 1, 2018. These two factors alone could generate billions in additional annual sales. Within the U.S., more states appear ready to move forward with recreational legalization efforts in 2018.
Image source: Getty Images.
Source: Fool.com
