By Sean Williams
The marijuana industry is growing by leaps and bounds, and investors are taking notice. Over the trailing year, a majority of the largest pot stocks have doubled or tripled in value, or in rarer instances headed even higher. These strong gains come on the heels of rapid and consistent legal weed sales growth, and an ongoing shift in the way the public views cannabis.
For example, Marijuana Business Daily‘s newest report, “Marijuana Business Factbook 2017,” projects that legal cannabis sales will advance by 45% in 2018, largely due to California opening its doors to recreational weed sales. As a whole, this report estimates a quadrupling in legal sales in the U.S. between 2016 and 2021 to approximately $17 billion.
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