The market for legal marijuana is blossoming… Is it high time for investors to jump into this taboo industry?
Sales for legal weed soar from year to year, with a projected 2016 total of $7.1 billion. By 2020, that number could top $22 billion.
That’s pretty amazing for a substance that’s still illegal in the majority of U.S. states.
As the legalization movement for both medical and recreational use spreads across the country, sales will skyrocket.
For investors looking to get in on the action, the current landscape is frustrating, since most players are currently traded on the over-the-counter market.
Luckily, a few big companies are investing in this budding business segment. That’s creating an indirect means for everyday investors to put their money into this new growth industry.
Here’s how to make your investments a little greener with 3 stocks banking on cannabis to flourish…