Wall Street firm Jefferies’ current models of the global medical marijuana market stand at $8 billion for this year and then will grow to $19 billion by 2029. The firm also predicts that the recreational marijuana market will generate $9 billion for 2019 and then grow to as much as $31 billion over the next decade. “Medical and [recreational] are broadly similar now but will become two distinct segments. Rec. will be about creating brands and delivering differentiating experiences, while medical will be about developing unique and specific drug formulations, with exacting pharma ingredients, protected by IP” according to Jefferies’ analyst Owen Bennett. The rapid growth of the marijuana industry is strengthened by increased legalization and the use of marijuana in several medical applications. As the marijuana industry is forecasted to grow at a rapid pace, investors seeking opportunities in the sector may benefit from watching several marijuana stocks.Click Here For Today's Trending Marijuana Stocks