5 Marijuana Stocks This Skeptical Investor Likes
“Going green” has taken on an entirely new meaning in 2018. In just nine days, on Oct. 17, 2018, Canada will be lifting the curtain on more than nine decades of cannabis prohibition. Beginning next Wednesday, adults aged 18 or 19 (depending on the province) will be free to purchase recreational marijuana in licensed dispensaries or online. It’ll also make Canada the first industrialized country in the world, and only second overall behind Uruguay, to legalize recreational weed.
When legal, adult-use weed is expected to be a big-money business. Initial estimates from Wall Street suggest it could generate in the neighborhood of $5 billion in added annual sales, atop what the industry is already bringing in via medical marijuana sales and exports. Given the expectation of strong consumer demand and lofty sales projections, it’s no wonder that marijuana stock valuations have been pushed into the stratosphere…
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