Legal marijuana could be worth $47 billion in the US alone, according to a Wall Street analyst (STZ, CGC)

RBC Capital Markets is trying to address investor anxiety surrounding the nascent marijuana industry. RBC estimates that the US’s legal marijuana sales could reach $47 billion in the next decade. In a lengthy note to clients on Wednesday, RBC Capital Markets estimates that US marijuana sales are quickly catching up to those of beer and wine and that legal sales alone could be worth $47 billion within a decade. …read more

Source:: Yahoo Finance