When it comes to legal weed, Canada certainly has the first-mover advantage … but I’m seeing more opportunity here in the United States for marijuana stocks. Having passed full legalization last fall, Canada is projected to be a $5.9 billion market for legal cannabis by 2022. That’s about where the U.S. market was in 2015. And that was when only four states, plus D.C., had full legalization.
Now we’re up to 11 states when you include Alaska. (And many more allow medicinal use.) By 2017, the U.S. legal marijuana market had exploded 57.4% to reach $8.5 billion.
To put that figure in its proper perspective, the $8.5 billion spent buying legal pot was more money than Americans spent on ice cream!
By 2018, we were at $10.4 billion. And according to Arcview Market Research and BDS Analytics, we’ll easily keep up that pace through 2022 — when U.S. spending will…