Marijuana stocks will skyrocket as marijuana legalization and reform continues to gain momentum throughout North America. In the United States alone, legal marijuana sales totaled $5.86 billion in 2016.
That's an increase of 8.5% from the $5.4 billion in sales from 2015. It's also a 27% increase from the $4.6 billion in sales from 2014.
And as impressive as that sounds, we believe the opportunity for cannabis stocks to skyrocket is even bigger than most investors realize…
That's why as a service to Money Morning readers, we're making available a 90-page cannabis investing guide called The Roadmap to Marijuana Millions.
You can learn more about that opportunity in just a bit.
But first, here's why marijuana stocks in every ecosystem – growers, edibles, dispensaries, and more – are set to skyrocket…
According to ArcView Market Research, legal and illegal marijuana sales in North America totaled $53.3 billion in 2016. That means legal cannabis sales in North America in 2016 ($6.7 billion) only accounted for just 12.57% of all cannabis sales.
But the good news for marijuana stock owners is legalization appears to be decreasing sales in underground markets.
Illegal marijuana sales accounted for 90% of all North American sales in 2015. But in 2016, illegal sales accounted for 87% of all sales, according to ArcView Market Research.
And because legal markets are generating more sales, marijuana companies can generate more profits. When these companies generate more profit, marijuana stock prices can climb.
Because more states are predicted to legalize marijuana, analysts project marijuana sales will reach $21.6 billion by 2021.
The vote across America for marijuana legalization is expected to create one of the biggest wealth grabs in history, transforming everyday Americans into millionaires overnight.
As a service to Money Morning readers, we're now making available a 90-page cannabis investing guide called The Roadmap to Marijuana Millions.
This "bible of weed investing" reveals the world's top marijuana stocks every serious investor should consider right now.
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