Marijuana Is Less Harmful Than Sugar, New Survey Finds

1/27/2018 |  889
  Published by The Motley Fool

Marijuana is among the fastest growing industries in North America, which is a big reason investors have pushed pot stock valuations considerably higher in recent years. A majority of marijuana stocks have gained 100%, 200%, or even more on a trailing-year basis.

One reason behind that excitement is the sales growth of legal weed. In the U.S., Marijuana Business Daily's newest report, "Marijuana Factbook 2017," calls for sales growth of 45% this year, and 300% as an aggregate between 2016 and 2021. If these figures prove accurate, the U.S. market could be generating around $17 billion in annual sales by 2021. That's certainly a convincing enough number to attract investors.

Image source: Getty Images.

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