The sun will shine again on the cannabis sector.
2021 was a dreadful year for marijuana stocks. The industry benchmark, the Horizons Marijuana Life Sciences ETF, dipped 54% compared to the S&P 500's gain of 20%.
However, that doesn't mean the sector is doomed and all hope is lost. Smart investors are aware that highs and lows are common in an evolving industry. The sector took a hit last year because of the lack of positive movement toward the federal legalization of marijuana. But there is no stopping this industry's growth, which is expected to double by 2025.
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