This landmark cannabis bill is great news for marijuana stocks

Investors would probably struggle to find an industry that’s growing at a faster and more consistent pace than legal marijuana.

Last year alone, according to cannabis research firm ArcView, North American legal pot sales jumped 34% to $6.9 billion. ArcView estimates that legal sales could top $22 billion by 2021, with investment firm Cowen & Co. expecting legal sales to hit $50 billion by 2026.

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