There aren’t too many industries in this world growing as quickly or as consistently as legal marijuana, and investors have taken notice. ArcView, a leading cannabis research firm, is projecting a compound annual growth rate in legal sales of 26% for North America between 2016 and 2021. If accurate, this would lead to almost $22 billion in sales by 2021.
Meanwhile, Cowen & Co. has taken an even more aggressive stance by predicting $50 billion in U.S. legal weed sales by 2026. Such an estimate would suggest that, at some point between now and 2026, the federal government will completely legalize pot. […]