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With the increasing use of marijuana to treat chronic diseases and for recreational purposes, the industry is expected to grow in the upcoming months. According to a Grand View Research report, the global legal marijuana market is expected to grow at a CAGR of 26.7% to reach $70.6 billion by 2028.
Given this backdrop, Wall Street analysts expect marijuana stocks Cresco Labs Inc. (CRLBF), GrowGeneration Corp. (GRWG), and Zynerba Pharmaceuticals, Inc. (ZYNE) to rally by more than 70% in the upcoming months. So, it could be wise to add these three stocks to your watchlist.
