Why is Wall Street skeptical about the cannabis sector?

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Wall Street is rightly skeptical about marijuana stocks And yet despite this optimism and the expectation from Wall Street that worldwide sales of weed could hit between $50 billion and $75 billion by the end of the next decade, Wall Street remains notably hesitant on pot stocks.
Even though analysts have bestowed a number of buy- and hold-equivalent ratings on major marijuana stocks, upgrades  have been especially few and far between.

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