Now that cannabis is legal in several states and in Canada, cannabis stocks have become sh*t hot.
The cannabis industry, which may come as a surprise to some, is not confined to pre-rolled joints and hash brownies. A wide variety of products, tailored to every kind of consumer, are made from the green plant, including CBD oils, cannabis-infused beverages, flowers, vapes and even lube.
The legal marijuana industry grew to $10.4 billion in the U.S. in 2018, senior economist and vice president at analytics firm New Frontier Data Beau Whitney tells the Associated Press. By the end of 2019, Whitney predicts investors will funnel more than a whopping $16 billion into the industry.
As more states make the move to legalization, cannabis stocks are set to soar. Here’s a list of the cannabis stocks you need to know about: