So Nice, I Did It Twice: I Bought Another Pot Stock

On the surface, the marijuana industry looks like a once-in-a-generation growth opportunity. It generated $12.2 billion in global sales in 2018, and Wall Street investment firm Cowen Group is calling for $75 billion in global annual sales by 2030. If Cowen’s estimate is accurate, we’d be looking at an industry capable of a compound annual growth rate of almost 17% over the next 12 years.

Growing pains kept me away from this budding industry for years

But this is also an industry facing some very apparent teething pains, especially in Canada, which became the first industrialized country in the world to legalize recreational pot, in October 2018.

Image source: Getty Images.

Our neighbor to the north has been hit with a significant and persistent shortage of cannabis, dating back to the first day recreational weed became legal. Part of the problem relates to red tape surrounding Health Canada. The regulatory agency

... read more at: https://www.fool.com/investing/2019/05/14/so-nice-i-did-it-twice-i-bought-another-pot-stock.aspx

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So Nice, I Did It Twice: I Bought Another Pot Stock

On the surface, the marijuana industry looks like a once-in-a-generation growth opportunity. It generated $12.2 billion in global sales in 2018, and Wall Street investment firm Cowen Group is calling for $75 billion in global annual sales by 2030. If Cowen’s estimate is accurate, we’d be looking at an industry capable of a compound annual growth rate of almost 17% over the next 12 years.

Growing pains kept me away from this budding industry for years

But this is also an industry facing some very apparent teething pains, especially in Canada, which became the first industrialized country in the world to legalize recreational pot, in October 2018.

Image source: Getty Images.

Our neighbor to the north has been hit with a significant and persistent shortage of cannabis, dating back to the first day recreational weed became legal. Part of the problem relates to red tape surrounding Health Canada. The regulatory agency

... read more at: https://www.fool.com/investing/2019/05/14/so-nice-i-did-it-twice-i-bought-another-pot-stock.aspx

Leave a Reply