Three Cannabis Stocks Riding a Potential $500 Billion Global Boom

The market is seeing green. Analysts at Cowen note the U.S. cannabis market could rocket to $16 billion by 2025. Analysts at Piper Jaffray believe we could be looking at a global market value of between $250 billion to $500 billion a year. “We believe the long-term growth can be significant — both from transitioning illicit trade to legal sales, medical sales, and from transitioning sales in health [and] wellness categories to CBD-infused products,” said the analysts, as quoted by MarketWatch. All as the global community wakes up to the idea of global legalization of medicinal and recreational cannabis. Some of biggest beneficiaries of the boom include Pure Global Cannabis Inc. (TSX.V:PURE) (OTC:PRCNF), Tilray Inc. (NASDAQ:TLRY), and Canopy Growth Corporation (NYSE:CGC)(TO:WEED). Pure Global Cannabis’ (PURE)(PRCNF), operating through its wholly-owned subsidiary PureSinse Inc. just provided an operational and oils sales license update, for example. Over the last week, the company received confirmation from Health Canada for its process ... Click here to view full article