Marijuana Remains the Enemy of U.S. Health Agencies [The Motley Fool]
Bank of America Corporation (BAC)
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Source: The Motley Fool
Marijuana Remains the Enemy of U.S. Health Agencies U.S. Surgeon General Jerome Adams' recent advisory on cannabis use by adolescents and pregnant women is a wake-up call for pot enthusiasts and investors alike. There's arguably no industry generating more excitement right now than legal marijuana. Last year, Canada became the first industrialized country in the world to legalize the use of recreational cannabis, with 33 U.S. states also giving the green light to medical marijuana since 1996. What had once been a completely taboo topic has become relatively mainstream throughout North America and much of Europe. Of course, what investors are really waiting for is some form of change at the federal level in the United States. The U.S. is projected to be the leading cannabis market in the world in terms of future sales -- and it's not even close right now. Bank of America /Merrill Lynch and Stifel foresee U.S. weed sales accounting for 33% to 50% of global revenue, which would make the
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