Writedowns Are Likely for These 3 Marijuana Stocks — The Motley FoolPosted by On

The marijuana industry is looking like it could be one of the greatest growth stories of our generation. Having long existed behind the scenes in the black market, the now-legal pot industry is budding, and it has quite the audience in Wall Street.

Last year, the global legal cannabis industry generated $12.2 billion in sales — and this is just the beginning. Depending on your preferred Wall Street investment firm, the legal pot industry is capable of between $50 billion and $75 billion in worldwide sales by the end of next decade, and perhaps $130 billion to $166 billion in peak yearly sales (although no specific time frame was provided).

Suffice it to say, it should surprise absolutely no one that…

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