As Canadian legalization is approaching fast, investors continue to seek new opportunities offered by these hot marijuana stocks. Global legal marijuana spending is forecast to reach $32 billion by 2022, according to a joint Arcview Group and BDS Analytics report. Additionally, analysts from the Cowen Group predict that legal marijuana will generate $75 billion over the next decade or so. As the sector presents favorable prospects, it’s no wonder why numerous marijuana stocks are moving higher. The Canadian Marijuana Index, which tracks the leading cannabis stocks operating in Canada, is up nearly 195% over the past year. The index’s top 3 holdings by market cap include: Tilray Inc. (TLRY)Aurora Cannabis (ACBFF) (ACB)Canopy Growth Corp. (CGC) (WEED) As the sector continues to heat up, there are several marijuana stocks following industry momentum.Click Here For 3 Marijuana Stocks Preparing For Legalization in Canada.