Planet 13 Holdings Inc (PLNH)

[DandiDon]

Sean Williams, The Motley Fool
Motley FoolJanuary 23, 2019

Whether you realize it or not, the cannabis industry had an incredible year in 2018. You might not think this was the case given the underperformance of many brand-name pot stocks, but the industry itself gained validation in a big way after Canada ended nine decades of recreational marijuana prohibition in October.

With cannabis now legal in Canada and a growing number of U.S. states and countries around the globe, attention now turns to just how big the global weed market could be. A new analysis from Arcview Market Research and BDS Analytics estimates that global cannabis sales will rise 38% in 2019 to $16.9 billion. That's a lot of money -- and Wall Street knows it.