HRVSF - These U.S. Pot Stocks Are a Bargain According to This 69-Year-Old Investment Bank
Perhaps it's no coincidence that cannabis plants are green, because it's an industry that's expected to show investors the green over the long run. After producing nearly $11 billion in legal worldwide sales last year, the global pot industry could grow to $200 billion a year in sales by the turn of the following decade.
The big question continues to be: What marijuana stocks to buy?
Most investors have been attracted to our neighbor to the north, because Canada became the first industrialized country in the world to legalize recreational pot in October 2018. However, it's the United States that could run circles around Canada in terms of peak annual sales. Even without federal legalization, state-level approvals are allowing U.S. cannabis sales to handily surpass Canadian pot revenue. That makes the United States the crown jewel of the marijuana movement, and it should give U.S. pot stocks priority for investors.