The cannabis industry is projected to grow to $50 billion by 2029 from $17 billion in 2019, according to analyst firm Jefferies. The firm’s estimate includes the Canadian markets, the United States’ thirty-three medicinal markets and seventeen recreational markets, Europe’s twelve-country medical market, Latin America’s five-country medical and 2-country recreational market as well as three other countries with a legal medical market. Jefferies analyst Owen Bennett, believes that the firm’s projection is “probably conservative,” and that a “realistic upside scenario” may be a global cannabis market as large as $130 billion by 2029. “This assumes full U.S. federal legalization, full recreational and medical legalization across Europe, full medical and recreational legalization across Lat Am, and cannabis disruption of a number of other industries,” Bennett added. While the cannabis industry continues to show strength and sentiment surrounding stocks in the sector remains positive, investors may continue to find opportunities in cannabis stocks. Click Here For 3 Marijuana Stocks To Watch On Thursday