If it seems as if everyone is talking about CBD, there is a reason: most people are. CBD is an extract that has most of the properties of marijuana but does not have the psychoactive agent THC. As one of the fastest-growing industries in the financial world, the Hemp Business Journal estimates that the market for CBD will grow to as much as $2.1 billion in sales by the year 2020, and over $450 million of the sales will be based around those CBD products that are derived from the hemp plant. That figure is up 700% from just two years ago.
Although It’s Not Legal Throughout The Nation, It Might Soon Be
Hemp-based CBD is now legal in 50 states, which is responsible for the exponential growth of sales in the hemp-derived market; marijuana CBD is only legal in 30. But if the other states follow suit and legalize CBD derived from marijuana, that will increase the sales projections by a significant amount. And it’s not just talk – there is a high likelihood that most states will follow suit.
Forecasts Continue To Look Up
Although the market for medical marijuana and the production of cannabis might have slowed due to fears that it is exploding too quickly, there is no indication that those fears are substantiated. The future growth for CBD products that are both hemp-based and marijuana-based appears to have no end in sight. In fact, if medical marijuana and CBD marijuana-derived products become legal, that will mean a windfall for those investors who get in now.
It Is Important To Get In On The Ground Floor
If marijuana-based products do become legal, that huge windfall of sales will be quick, and you will likely have a lot of people running to the market to buy in. But what anyone in commodities knows is supply versus demand. It is always a smart choice to get in on the ground floor instead of waiting halfway in, or worse, getting in at the top. If you want to secure your financial future, then CBD product investing is the way to go. Getting in now before legalization means that you will own a more significant share once legalization happens, and you stand to gain the most growth if you invest in the CBD market.
The Present Predicts The Future
With so much information being released about cannabis research for over two decades, there is no reason to believe that other states will not allow the use of marijuana for those who need it. It is even possible that many states will follow the seven states who currently allow it for recreational use. This means there is no end in sight to the growth of the cannabis and CBD.
If you are interested in investing in something that has room for exponential growth, then invest in the CBD market. Call Maricap today to discuss the best ways to invest in the CBD market.