There’s a very real possibility that the legal marijuana industry will be the greatest growth story of our generation. According to ArcView Market Research and BDS Analytics, the green rush produced $5.4 billion in worldwide legal sales in 2015. But based on estimates from Wall Street investment bank Cowen Group, sales could soar to $75 billion by 2030. Over 15 years, that’s a compound annual growth rate of just over 19%.
Even the green rush has risks
Unfortunately, even the greatest growth stories come with some pretty serious risks and volatility.
For example, despite becoming the first industrialized country to give recreational marijuana the green light in October, Canada has been contending with a persistent shortage of dried flower since dispensary doors opened. Regulatory red tape, in the form of a monstrous backlog of cultivation and sales applications with Health Canada, and a shortage of compliant packaging