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Stock impact report

The 3rd Country to Legalize Marijuana Is... Going to Have to Wait Up to 8 More Months [The Motley Fool]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: The Motley Fool
For much of the past half-decade, marijuana has been one of the fastest-growing industries. After generating $. billion in worldwide sales in 0, global weed sales more than tripled to $0.9 billion by 08. According to various Wall Street estimates, worldwide pot sales should hit $0 billion on an annual basis by 00, with North America generating the bulk of this revenue.Although there are more than three dozen countries around the world where medical cannabis has been legalized to some degree, it's recreational marijuana that's going to be the industry's long-term revenue driver. The patient pool for adult-use weed is considerably larger than it is with medical marijuana, and recreational sales tend to cannibalize the medical pot industry, once legal. After all, there's no need to wait for a physician's prescription if you can simply walk into a dispensary and buy cannabis products.Image source: Getty Images.To date, only two countries in the world have waved the green flag on recreatio Show less Read more
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