The Marijuana Milestone That’ll Be Hit in 2021

It’s been a crazy year on Wall Street. Investors only have eyes for the unrelenting rally in and growth prospects of tech stocks. But they might be overlooking an even greater growth story: marijuana stocks.

Though cannabis stocks have been on a wild ride of their own over the last five to seven years, we’re beginning to see the first signs of industry maturation. In October 2018, Canada became the first industrialized country in the world to roll out the green carpet for recreational marijuana sales.

Meanwhile, in the U.S., the November elections saw cannabis measures in five states pass with ease. In total, 36 states have given the green light to medical marijuana, with 15 of these states also legalizing adult-use consumption or the retail sales of weed.

Every year, the cannabis industry makes some form of new history, and 2021 won’t be any different. The coming year will be the first time we see a pure-play pot marijuana stock surpass $1 billion in annual sales.

Dried cannabis buds placed atop a messy pile of cash.

Image source: Getty Images.

Curaleaf is going to do what no other pure-play pot stock has done before

What investors want to see out of the cannabis industry is legitimacy. The U.S. is unquestionably the largest cannabis market in…

Original Author Link click here to read complete story..

It’s been a crazy year on Wall Street. Investors only have eyes for the unrelenting rally in and growth prospects of tech stocks. But they might be overlooking an even greater growth story: marijuana stocks.

Though cannabis stocks have been on a wild ride of their own over the last five to seven years, we’re beginning to see the first signs of industry maturation. In October 2018, Canada became the first industrialized country in the world to roll out the green carpet for recreational marijuana sales.

Meanwhile, in the U.S., the November elections saw cannabis measures in five states pass with ease. In total, 36 states have given the green light to medical marijuana, with 15 of these states also legalizing adult-use consumption or the retail sales of weed.

Every year, the cannabis industry makes some form of new history, and 2021 won’t be any different. The coming year will be the first time we see a pure-play pot marijuana stock surpass $1 billion in annual sales.

Dried cannabis buds placed atop a messy pile of cash.

Image source: Getty Images.

Curaleaf is going to do what no other pure-play pot stock has done before

What investors want to see out of the cannabis industry is legitimacy. The U.S. is unquestionably the largest cannabis market in…

Source link

Latest posts