4 Top Stocks in the Growing Medical Marijuana Industry
Weed has gone from a taboo substance to a multi-billion-dollar bonanza. The growth of the marijuana sector has created opportunities for investors. Here are four to watch.
Whether you like that marijuana is getting closer to being legalized nationwide or not, as an investor, it's an opportunity that's hard to ignore.
With four U.S. states legalizing the recreational use of cannabis and 10 more potentially following suit this year, marijuana stocks are going like hot cakes -- or brownies. This is in addition to the 24 states that allow the use of medical marijuana.
Last year, the legal cannabis market expanded 17% to $5.4 billion, with the industry expected to clock another 25% increase this year, to reach $6.7 billion, according to ArcView Market Research.
That makes pot one of the most promising investments.
Moreover, Americans are increasingly warming to the medicinal use of marijuana, with eight of 10 supporting...
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