This Exciting Growth Sector Is Predicted to Keep Doubling Until 2028
Investing in a fast-growing industry can be an excellent way to uncover stocks with loads of potential. The semiconductor market is expanding at a compounded annual growth rate (CAGR) of more than 9%, per estimates from Fortune Business Insights. Insight Partners projects the cloud computing business to be even more promising, with its CAGR up around 24%.
But that's still a drop in the bucket compared to one sector: cannabis pharmaceuticals. Analysts at Grand View Research say this sector could grow at a ridiculous CAGR of 104.2% until 2028. With that kind of predicted growth, this is an opportunity that investors should be careful not to overlook.
You may be inclined to think that to invest in cannabis, you need to invest in companies that are cultivating marijuana. But that isn't the case. Many companies have been slowly venturing into the sector in recent years. There are some large-cap stocks that you may be surprised to learn have been gaining exposure to the cannabis industry.
Source Fool.com
