Marijuana Investing in 2017: 5 Numbers Everyone Should Know
Many marijuana stocks have soared in 2016 , with one enjoying especially impressive gains of well over 2,000%. However, this speculative industry is fraught with risk . If you're considering investing in marijuana stocks in the new year, here are five numbers you should know before taking the plunge.
$50 billion
Ackrell Capital projects that the market for cannabinoid-based pharmaceuticals will top $50 billion annually. Before you get too excited, though, read the fine print. The investment firm notes that the market won't develop until after the end of "prohibition" -- i.e. the lifting of federal laws against use of marijuana.
Assuming federal laws do indeed change, is this estimate realistic? Possibly. Cannabinoids have been found to have potential as treatments in over 40 medical indications, including cancer, chronic pain, epilepsy, and glaucoma.
One experimental drug for just one of those indications could reach peak annual...
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