Investors would probably struggle to find an industry with more consistent growth potential over the next decade than cannabis. Following a more-than-tripling in worldwide sales between 2014 and 2018, Wall Street has forecast the potential for a fivefold to 18-fold increase in global sales by the end of the next decade.
However, it's important to recognize that it's not just dried cannabis flower driving this growth trend. Rather, there are subcategories of product that could deliver compound annual growth rates that go above and beyond that of the broader marijuana industry. Cannabidiol (CBD) sales in the U.S. are one such example.
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