3 Cannabis Stocks to Buy and Hold for the Next 10 Years

3 Cannabis Stocks to Buy and Hold for the Next 10 Years

Just 10 years ago, only 18 states allowed the sale of medical marijuana, and of that group, only California, Colorado, and Washington also allowed legal recreational marijuana sales. A report by research firm BDSA estimated that global cannabis sales will go from $20 billion in 2021 to $57 billion by 2026, a compound annual growth rate of nearly 13%. At the MJ Biz Conference in Las Vegas earlier this month, Boris Jordan, the executive chairman of Curaleaf Holdings (OTC: CURLF), said that in 10 years, there would likely be only a handful of large companies and the business would be similar to how tobacco companies operate in the United States.