In case you hadn’t noticed, the marijuana industry is absolutely on fire. According to cannabis research firm ArcView, the North American legal weed industry grew by 34% in 2016 to $6.9 billion, and is expected to grow by an average of 26% per year through 2021. If ArcView’s estimates come to fruition, the legal weed market would be worth $21.6 billion in North America by 2021. This sort of rapid and consistent growth is incredibly difficult to find, which is why investors have flocked to marijuana stocks in recent years.
via The Motley Fool