Legal marijuana could be worth $47 billion in the US alone, according to a Wall Street analyst (STZ, CGC)

Edgard Garrido/Reuters

• RBC Capital Markets is trying to address investor anxiety surrounding the nascent marijuana industry.
• The bank says Constellation Brands' recent investment in Canopy Growth is "exactly the type of move that more companies should be making."
• RBC estimates that the US's legal marijuana sales could reach $47 billion in the next decade.

Wall Street is catching the cannabis bug.

In a lengthy note to clients on Wednesday, RBC Capital Markets estimates that US marijuana sales are quickly catching up to those of beer and wine and that legal sales alone could be worth $47 billion within a decade.See the rest of the story at Business Insider

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