Over the past few years, we have witnessed the meteoric rise of the cannabis industry, brought about by the mass legalization and decriminalization of the plant across many US states. Amazingly, what was once regarded as a shady and often frowned upon recreational drug has now given birth to an industry that is projected to be worth $73.6 billion by 2027.
However, despite its popularity, consumers and investors alike still hold many misconceptions about the cannabis plant, especially when it comes to its biology and the terminology we use to distinguish between its varieties and strains.
With that in mind, if you're thinking about investing in marijuana or hemp stocks, you should be aware of the major differences between these varieties, particularly the contrasting legalities surrounding them both. With that in mind, let's look at the key distinctions that may influence your stock-picking decisions.
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