IIPR - 6 U.S. Cannabis Stocks That Should Be Very Profitable in 2020
If you think the cannabis industry has grown like a weed of late, just give it some time to find its footing and mature a bit. After tripling worldwide legal marijuana sales between 2014 and 2018, legal pot revenue could soar to between $50 billion and $200 billion over the next decade.
At the heart of this budding industry will be growth in the U.S. marketplace. While estimates vary widely, the consensus on Wall Street, and among various independent reports, is that the U.S. will be responsible for a lion's share of worldwide cannabis revenue. That could make U.S. pot stocks a particularly attractive place for investors to park their money in the years to come.
Even though Wall Street sales and profit estimates remain fluid given the lack of precedence to a legal marijuana industry, the following six U.S.-based, and U.S.-focused, cannabis stocks look to be on track for significant profits in 2020.