Few industries offer long-term growth potential like the cannabis industry. U.S. and Canadian pot stocks are on very different paths in terms of performance and potential, however.
A recent report from cannabis-focused analytics company New Frontier Data projects that legalized pot sales in the U.S. can more than triple from $13.2 billion in 2019 to $41.5 billion by 2025. That’s a 21% compound annual growth rate, for those of you keeping score at home. Even if marijuana were to remain illicit at the federal level, state-level legalizations and organic growth opportunities provide more than enough potential to generate some serious green for investors.
The best marijuana stocks to buy in 2021 to take advantage of this growth all focus on the U.S. cannabis market.