Why Investing in the Cannabis Industry Is a Good Idea
The term cannabis is more of a scientific term for the marijuana plant. The species names Cannabis sativa, Cannabis ruderalis, and Cannabis indica are the three common species names of cannabis.
The cannabis plant is well known to comprise more than 400 compounds wherein 60 of these compounds are well known cannabinoids. Cannabidiol and delta-9-tetrahydrocannabinol (THC) or dronabinol are the two kinds of cannabinoids that have been shown to benefit the health of the person in more ways than one.
Using marijuana for their medical benefits has now been legalized among certain countries and states out there. However, until now, there are still some countries that do not allow its use no matter if it is for medical use. Though marijuana use is generally illegal, there are some states and countries that allow using the non-psychoactive form of marijuana, the one you call cannabidiol or CBD. In the same way, even if some countries have legalized marijuana use, they still require the user of marijuana to present their doctor’s permission.
Besides legalizing only marijuana use for health purposes, some countries offer their use for recreational purposes. Despite the fact that a lot of developments are still being done on the legalization of marijuana, a lot of people have found it beneficial to explore the investment opportunities in the cannabis industry.
Based on recent research, the profit sales of marijuana have been shown to grow as high as 25 percent just in the year 2016 where 6.7 billion dollars have become the result. In the year 2020, it has been predicted that the sales could go as high as 21.8 billion dollars.
Moreover, the cannabis industry is still expected to boost more profit returns as the ones that are used for recreational purposes.
Investing in marijuana stocks
Now that marijuana is increasing in acceptance and a lot of opportunities are being made in the cannabis industry, you can say that marijuana stocks are not becoming high risk assets.
Why should you invest in cannabis stocks?
When you look at the marijuana stock market beginning the year 2015, you will notice that it has a fair volatility to it. You can see that the stock numbers have then been on the rise as time passes on. Beginning August 2016 with more efforts of legalizing the use of marijuana, the index of marijuana use has then increased. So far it is running in a steady motion so now is the time that you think of learning more to invest in cannabis. If you want to know more on how to start a legal marijuana business, be sure to check this site.
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