Unsurprisingly Canada and the United States, together, rule the global cannabis industry. An industry which is forecast to reach $146.4 billion by 2025, at a compound annual growth rate of 34.6%, according to a Grand View Research report. Although Canada has the first mover advantage as the first industrialized country in the world to legalize recreational cannabis, the U.S. is making major headway with 10 states, as well as D.C., which have legalized recreational cannabis and 33 states that have legalized medicinal cannabis. The rapid growth of the industry is strengthened by increased legalization and the use of cannabis in several medical applications. As cannabis continues to produce a more favorable public opinion, investors seeking opportunities may benefit from keeping tabs on several cannabis stocks.Click here for Top Cannabis Stocks To Add To Your Watch-List