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    Marijuana Stocks: Headed Higher?

    by Ryan Ermey, Staff Writer, Kiplinger's Personal Finance Feb 08, 2018 5 minutes

    The Green Rush may be upon us. Cannabis investment research firm ArcView estimates that legal North American marijuana sales hit more than $8 billion in 2017, up 22% from the year before. What's more, the firm expects annual sales to grow by 27% per year through the end of 2021, reaching $22.6 billion at that point. Investors have begun speculating accordingly - the ETFMG Alternative Harvest ETF (MJX), an exchange-traded fund that invests in marijuana stocks, has returned 14% since mid-December.

    Driving much of the speculation: our neighbors to the north. Canada, where medical marijuana is already legal, is expected to legalize and regulate pot for recreational use by July. The market for legal pot is growing stateside as well. Twenty-nine states and the District of Columbia have legalized marijuana for medical purposes, and nine states and D.C. allow recreational marijuana use.

    However, pot

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