This Profitable New Pot Stock's Sales Could Triple Within 3 Years

WM Technology (NASDAQ: MAPS), which owns Weedmaps, is one of the cannabis industry's hot new stocks this year. The Weedmaps platform helps people find the nearest pot shop and makes it easy for marijuana businesses to advertise. And since the business never touches a marijuana plant, the stock is able to trade on a major exchange: the Nasdaq.

At a $1.7 billion market cap, it is already bigger than popular meme stock Sundial Growers, which has a valuation of less than $1.5 billion. But unlike the Canada-based cannabis company, WM gives investors the opportunity to benefit from the industry's growth in the U.S. and around the world -- Weedmaps has listings in several countries. And there are a couple of other exciting reasons that could make this one of the more attractive buys in the industry right now.

Image source: Getty Images.

Source Fool.com