Over the next decade, the legal cannabis industry might just be the biggest growth opportunity for investors. Depending on your preferred source, global legal weed sales could soar to between $50 billion and $200 billion by 2029/2030, up from almost $11 billion in 2018.
But in the interim, marijuana stocks have a lot of growing up to do. After all, we’re talking about an industry that’s still getting used to being regulated at the federal level in Canada, and at the state level in two-thirds of U.S. states.
Marijuana stock uplisting is picking up steam
One of the primary ways that cannabis stocks are maturing before our eyes is by uplisting (or in rarer cases going the initial public offering route) on major U.S. exchanges, such as the New York Stock Exchange (NYSE) or Nasdaq (NASDAQ:NDAQ). Today, more than a dozen pot stocks