Though all eyes have been on the fast-growing tech sector for much of 2020, don’t overlook the sleeping giant in North America: Cannabis.
After turning in just shy of $11 billion in global sales in 2018, Wall Street estimates suggest that worldwide legal weed revenue could hit $50 billion to $200 billion a decade from now. This wide range is reflective of growing support and legalizations for marijuana worldwide, as well as the fact that we just don’t know the market value of what’s being conducted behind the scenes every year.
What is a near-certainty is that North America will be the hotbed of this marijuana growth. That’s why Alberta-based Aurora Cannabis (NYSE:ACB) quickly rose the ranks to become the most popular marijuana stock.
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