Author Bio
A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You ll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong
This could very well be the decade that has cannabis investors seeing green.
In the U.S., pot sales are expected to grow by an annualized rate of 21% through 2025, according to New Frontier Data. Meanwhile, marijuana-focused analytics company BDSA is counting on Canada s weed revenue to more than double to $6.4 billion by 2026. All told, the North American pot industry could be bringing in $50 billion a year by the middle of the decade.
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Author Bio
A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You ll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong
Though all eyes are on tech and other innovative industries, it s marijuana that could be one of the fastest-growing industries of the decade.
According to New Frontier Data, cannabis sales in the U.S. are expected to grow by 21% annually between 2019 and 2025, ultimately reaching $41.5 billion by mid-decade. Meanwhile BDSA recently estimated that Canadian pot sales would rocket from $2.6 billion in 2020 to $6.4 billion by 2026. In short, it s a great time to be a marijuana industry optimist.
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