When it comes to hot investing opportunities , few are likely to raise the eyebrows of traders these days more than marijuana.
Estimates as to how big the legal marijuana market could eventually become vary wildly. According to Greenwave Advisors, which released an extensive report a few weeks ago on the projected value of the marijuana market if the federal government legalized the drug, legal marijuana could be worth a whopping $35 billion . Even if the federal government doesn't legalize marijuana, which seems like a more likely scenario considering the government's current stance, Greenwave still projects that the marijuana market would be worth $21 billion. This figure is derived from Greenwave's expectation that 37 states will have approved medical marijuana and an additional 12 states will have approved recreational adult-use marijuana by 2020.
