Are Pot Stocks a Good Investment in 2016?
There are still a lot of investors who do not consider investing in pot stocks when building their portfolios. But that will change.
Analysts from The ArcView Group, a cannabis industry research firm, found the U.S. market for legal cannabis grew 74% in 2014 to $2.7 billion, up from $1.5 billion in 2013. That makes legal marijuana the fastest-growing industry in the United States, according to ArcView.
There are currently 23 U.S. states that have legalized medicinal marijuana. In the past five years alone, 10 states have legalized marijuana use. As the political climate shifts in the marijuana industry's favor, it's likely more states will legalize marijuana in the future.
Why the sudden acceptance for marijuana? As always, it's about the money. Marijuana is a profitable industry. And governments love anything they can tax.
For 2014, Washington and Colorado – two of the first states to legalize medicinal marijuana –...
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