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Growth in the legal marijuana market has been nothing short of unstoppable, and it looks to stay that way in the years ahead. According to leading cannabis researcher ArcView, the North American legal weed market grew by 34% in 2016 to $6.9 billion, and should reach an estimated $21.6 billion by 2021. This would represent a five-year compound annual growth rate of 26%, and is a big reason why marijuana stock investors have piled into this budding industry. Expansion will obviously continue to play a role in this impressive growth. For example, Mexico legalized medicinal cannabis in June 2017, while our neighbor to the north, Canada, is reviewing legislation that would green-light the sale of recreational cannabis to adults beginning in July 2018. Such a move is expected to bring in up to $5 billion in annual sales, once fully ramped up. Attention, Canadian Marijuana Stocks: You Have Brand-New Competition From Down Under

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