This year, the U.S. is expected to generate more than 85% of total global marijuana sales. While that percentage will likely decrease as the Canadian recreational cannabis market and medical cannabis markets in Europe grow, the U.S. still is probably going to make up three-quarters of total global marijuana sales well into the next decade.
Marijuana remains illegal at the federal level in the U.S., but that hasn't stopped companies from making headway in the states that have legalized either medical or recreational marijuana. Most of these companies are very small, but not all of them.
Three marijuana stocks that target the U.S. cannabis market that claim the biggest market caps are Scotts Miracle-Gro (NYSE: SMG), MedMen Enterprises (NASDAQOTH: MMNFF), and MariMed (NASDAQOTH: MRMD). Here's what you need to know about these three U.S.-based marijuana stocks.