There's little doubt that marijuana has the potential to be a big-time moneymaker for investors over the long run. Based on various Wall Street estimates, worldwide weed sales should grow by 400%, at minimum, between 2018 and 2030.
However, this is also an industry that has a lot of growing up to do. To our north, supply issues are wreaking havoc on the marijuana industry. Meanwhile, in the U.S., high tax rates have made it virtually impossible for legal pot to compete with illicit production. In short, North America is currently a breeding ground for black-market production, which has been thoroughly reflected in depressed cannabis stock share prices.
Yet, these declines could open the door to some intriguing investment opportunities. Here are three cannabis stocks I currently have on my short list that very well could be added to my personal portfolio in 2020.