Are Oregon's Marijuana Woes a Precursor of What's to Come in Canada? [The Motley Fool]
GW PHARMACEUTICALS PLC AMERICA (GWPH)
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Source: The Motley Fool
Cannabis oversupply is forcing Oregon's growers to adapt. The marijuana movement in North America is seemingly unstoppable at the moment. Mexico legalized medical cannabis in June 2017, 29 U.S. states have legalized marijuana in some capacity since 1996, and Canada stands on the verge of becoming the first developed country in the world to legalize adult-use cannabis by this summer. That's what I'd call a great recipe for rapid sales growth within the marijuana industry. According to cannabis research firm ArcView in partnership with BDS Analytics, North American legal weed sales grew by 33%, to $9.7 billion in 2017 and they're expected to hit approximately $47 billion annually by 2027. Growth like this is tough for investors to ignore, which is a big reason why marijuana stocks have ascended to the heavens. Image source: Getty Images. The U.S. cannabis industry is rife with risk But the cannabis industry isn't without its own unique set of risks . Within the Un
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