With attention-grabbing headlines about how Canada “nearly ran out of weed” after legalizing recreational marijuana, weed stocks seem to be a smart investment choice. Since demand is high right now and many new marijuana-related companies are going public, this market has opened up a potential new area for investment and growth.
According to a report by Arcview Market Research and BDS Analytics, cannabis is a $57 billion dollar industry worldwide. Yahoo! Finance projects that by 2022, the legal cannabis revenue in the U.S. will hit $23.4 billion.