2 Marijuana Stocks Growing Annual Sales by More Than 200%

October 20, 2017 Facebook Twitter LinkedIn Google+ News

While no industry is perfect, if you’ve purchased marijuana stocks at some point over the past year, you’re probably seeing green right now. Of the 14 largest marijuana stocks by market cap, the average gain among them over the trailing 12 months is a better than 100% return.

Why such love for pot stocks among investors? To begin with, sales growth estimates for the weed industry are off the charts. Marijuana Business Daily‘s newest report, “Marijuana Business Factbook 2017,” is forecasting that legal U.S. cannabis sales will soar by approximately 300% to around $17 billion annually by 2021. A compound annual growth rate in the mid-20% range moving forward is simply something that investors can’t overlook.

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