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Stock impact report

Recreational Marijuana Sales Commenced in This $1.8 Billion Market This Week [The Motley Fool]

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: The Motley Fool
Two years after adult-use cannabis was legalized, it has finally gone on sale. What's faster than a speeding locomotive? No, it's not Superman. It's actually the growth potential for the legal cannabis industry. Following the legalization of recreational marijuana in Canada on Oct. 17, sales in our neighbor to the north could soar from a couple hundred million dollars annually -- derived from sales to medical patients and via exports to foreign markets in which medical pot is legal -- to perhaps $5 billion within three or four years. This sales growth and the prospect of marijuana stocks seeing a lot of green is a big reason behind the surge in pot stocks. Image source: Getty Images. The U.S. cannabis market could dwarf Canada...if legal But what many investors might be overlooking is the enormous potential for the U.S. market. If the U.S. federal government were to change its tune on weed, the United States would easily be the world's most lucrative market for Show less Read more
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