The cannabis market has been really budding over the last year, and last week, Canada launched legal sales of recreational marijuana. It seems to be a promising time for cannabis companies, specifically North American. The legalization of recreational pot in Canada and California, earlier this year, may be setting the stage for more countries and/or states to “go green”.
With such a rapidly growing market like the cannabis industry, the potential to generate job opportunities and economic benefits heightens. According to an Arcview Market Research and BDS Analytics report, consumer spending on legal cannabis is forecast to reach USD $11 billion this year and by 2022 it’s anticipated to surpass USD $23 billion.
Alone, the U.S. cannabis industry is expected to create over 467,000 full-time equivalent jobs by 2022, which is over an 180% increase from 2017’s 170,000 full-time equivalent jobs. The typical grow house and “budtending” jobs are not the only occupations on the rise, opportunities in finance, compliance, and operations are wanted as well. As the cannabis industry continues to thrive, here are a few North American marijuana stocks to add to your watch-list.