The market for legal marijuana continues to expand. In only 10 years, the legislative trend has brought medical marijuana to 37 states and the District of Columbia, and recreational marijuana to 21 states along with D.C. The Senate is on the brink of legalizing marijuana on the federal level with growing Republican support. With the passage of the Cannabis Act in 2018, it's now legal in Canada. Mexico's Supreme Court made private and recreational use legal, and there's movement throughout Europe. As a result of these developments, companies within the space are about to take off.
U.S. marijuana sales are expected to reach $53 billion by 2026, and global sales are projected to soar to well over $130 billion by 2030 as more states and countries get aboard.
Despite the explosive growth of this space, only a few growers, pharmaceuticals, financial firms, suppliers - both established and start-ups - are the true innovators and offer the most profit potential.
More than ever, this is the time to get in on Zacks Marijuana Innovators.
This service applies the timely predictive power of the Zacks Rank to buy and sell decisions. From January 1, 1988 to February 6, 2023 this proven system has more than doubled the S&P 500. The average gain has been +24.5% per year.
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Stock Strategist Ben Rains helms the Marijuana Innovators trading service, searching for the latest strategies to expose investors to the growing legal market in the U.S. and beyond. He tailors his investments toward what's next, because national and global developments are coming so fast in this white-hot industry.
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