This Marijuana Stock Just Struck a Deal With a Major Online Pharmacy in Canada
The marijuana industry is truly growing like a weed, and it has investors willing to chase the green rush counting their blessings. Over the trailing year, more marijuana stocks with a market cap of $200 million or more have at least doubled in value than haven't.
The impetus for this surge in pot stock prices is twofold. First, we have incredible sales growth behind the legal weed industry. Cannabis research firm ArcView estimates that the North American legal cannabis market could grow by 26% per year through 2021, putting its value at nearly $22 billion. That's not chump change, and it's given investors every reason to believe that this industry could be a hot investment for years to come.
Image source: Getty Images.
Source: Fool.com
