Over the past year, marijuana stocks have been practically unstoppable — and for good reason.
For starters, the dollar figures behind the legal cannabis industry are scorching hot. North American legal pot sales grew by 34% in 2016 to $6.9 billion, and according to Arcview, they could continue growing by between 25% and 30% annually through 2021. Investment firm Cowen & Co. is looking for growth to top 23% annually, resulting in $50 billion in legal sales by 2026.