HEXO - 4 Cannabis Stocks Projected to Grow Sales by at Least 355% Next Year
For years, promises of growth had been more than enough to send marijuana stock valuations higher. However, things changed when Canada legalized recreational marijuana and opened its doors to adult-use weed sales on Oct. 17, 2018. No longer are promises sufficient to send cannabis stock market caps higher. Instead, Wall Street is looking to marijuana stock operating results and allowing sales growth to do a lot of the talking.
Considering that Canada is struggling with early stage supply issues, and most recreationally legal U.S. states are battling persistent black markets because of high excise tax rates, cannabis sales growth has mostly been disappointing this year. But according to Wall Street, four pot stocks are on track to grow their top lines by a minimum of 355% next year.
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