Cannabis is the new bitcoin high in the worlds of investment. With CNN, Forbes, and Business Insider, even mainstream media reports are flooding our cannabis news. And here is why.
The annual revenue of the worldwide cannabis industry is predicted to reach $57 billion by 2027. In 2016, the annual income of the legal cannabis market hit $6.7 billion, it was projected to pass the $10 billion mark in 2017, and will only continue to grow while laws keep evolving. Legalization provides big boosts to revenue growth. In the beginning of 2018, California legalized recreational marijuana. Enthusiasts, patients, consumers and investors are anticipating Canada to follow this summer.
It is no surprise that the cannabis industry attracted a 600% increase in investment during the first quarter of 2018 compared to the first quarter of 2017. On top of that, more than 250.000 industry-related jobs are estimated to be created by 2020. As the industry keeps developing, experts predict legalization to bloom, and investment options to sprout.
Now is the best time to root out and consider the Cannabis industry for the next investment, while growth increase is still high but risks are clearly diminished.
Case studies show successful cannabis investment options, Canopy Growth being one of them. Since entering the NYSE, they've attracted large investors, leading the company to value at $4 bn. this May.
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