CTST - 3 Marijuana Stocks That Appear Too Cheap Not to Be Acquired
Perhaps it's apropos that the cannabis industry is known as the "green rush," because it's expected to make investors a lot of money over the long run. Between 2018 and the end of the next decade, annual legal weed sales could grow from $10.9 billion worldwide to perhaps as high as $200 billion globally.
Although there are some early stage kinks to be worked out in North America, it's pretty evident that worldwide demand should be robust, once the industry finds its footing. This is what's coerced aggressive acquisition and merger activity within the industry over the past two years.
But don't think for a moment that this acquisition activity is going to slow anytime soon. Right now, there are three major producers that look far too inexpensive in my opinion, relative to the production they could bring to the table, not to be acquired at some point in the future.