Few industries have created as much buzz in recent years as the legal marijuana industry. In North America, cannabis research firm ArcView, in partnership with BDS Analytics, found that legal pot sales grew by 33% to $9.7 billion in 2017. By 2021, assuming an average annual growth rate of 28% in North America, legal pot sales could near $25 billion.
And in a decade, ArcView anticipates we could be looking at roughly $47 billion in annual sales. These figure are simply too delectable for growth-oriented investors to ignore, which is a big reason why marijuana stocks have catapulted higher.3 Things to Love and Hate About Medical Marijuana, Inc.'s Full-Year Report
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