By Sean Williams
In case you haven’t noticed, the marijuana industry is growing at a breakneck pace. Depending on your source, sales growth for the legal cannabis industry is slated to increase by between 23% and 35% on an annualized basis over the next couple of years. That’s growth that investors simply can’t ignore, which is a big reason why pot stocks have shot through the roof over the past year.
Then again, it’s not just sales growth that has marijuana stock investors captivated. In pretty much every major national poll in the U.S., Americans overwhelmingly approve of the idea of legalizing cannabis. National pollster Gallup found the strongest support in October 2017, with 64% favoring legalization, while the independent Quinnipiac University in August of last year noted that a whopping 94% of respondents favored seeing medical weed legalized.
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