The biggest U.S. and Canadian marijuana stocks have been on a wild ride over the last two years, but their share prices are getting pretty high.

In October 2017, the Marijuana Index (think of it as the NASDAQ of marijuana stocks) started growing like a weed from $113 on Oct 26, 2017 to $363 by Jan 23, 2018.

If you had invested in the S&P 500 in October 2017, then by last October, a year later, you had returns of 9.78% on the growth in those 500 company’s shares.

If you bought Big Weed, your shares produced 158% returns over the same time period.

That’s a very impressive 16 times more returns from an investment in the 21st century cannabis industry via marijuana stocks than the main equities benchmark.

Between October of last year and now, growth in the Marijuana Index has been modest, though it has slightly outpaced the S&P 500’s growth during the same time frame.

Now That’s What I Call a Black Market

Source: Marijuana Index

With the enormous retail sales volume of the legal marijuana industry in the United States in recent years, every Friday is Black Friday in the legal cannabis industry.

As Tom Adams, Arcview Market Research’s editor-in-chief, said in 2017:

“The only consumer industry categories I’ve seen reach $5 billion in annual spending and then post anything like 25% compound annual growth in the next five years are cable television (19%) in the 1990’s and the broadband internet (29%) in the 2000’s.”

The stellar sales numbers have been corroborated by the oceanic tax receipts on these goods in the 32 states, plus D.C., where commerce in marijuana products is now legal.

Over the next decade, legal marijuana enterprises in the United States are projected to create over a million new jobs and generate more than $132 billion in federal tax revenue alone.

Legal marijuana states are already raking in billions in tax revenues.

This is an industry that has produced vast cash revenues that are almost without parallel in the growth phase of any industry in world history. And that’s despite remaining technically illegal under the prohibitions of the Nixon-era Controlled Substances Act.

No wonder confidence is so high – and marijuana stocks have performed so well.

Growth in Marijuana Stocks Reflect How Quickly and Dramatically Its Legal Status is Changing

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