Cannabis, or medical marijuana, is now legal in 30 states around the nation. Also, seven states permit the sale of cannabis for recreational purposes. Since there has been a ban on marijuana in the United States since the 1930s, the legalization of cannabis has caused the industry to explode, and sales have soared. Those states which have legalized it have seen incredible sales growth over the past two years, with projected sales to be exponential for the future. It isn’t just the growers and distributors who are realizing profits, either. The entire industry, from tech companies to investors, are realizing more profits than they could have ever imagined. Sales growth of cannabis is on the verge of exploding.
When Will The Remaining States Legalize Cannabis?
There is no telling when the remaining 20 states will legalize medical marijuana, but it is highly likely they will. With so much information coming to light about its medicinal benefits, it would be hard to imagine that anyone would deny the wealth it can provide to needless sufferers on many health spectrums. Since THC can be removed, which was the source of its ban, cannabinoids have become a panacea for many conditions including depression, insomnia, gastrointestinal problems, and pain management.
Wall Street Is Getting On Board With The Sales Growth Of Cannabis
Last year alone the estimates for cannabis sales were anywhere between $5.8 and $6.6 billion. Not many industries have been able to triple their size in a period of five years, so that type of growth is nearly unheard of. Although there has been a slight slowdown in medical marijuana investing, Wall Street has seen a 1000% increase in investing over the past two years. According to investors, the forecast for growth in the cannabis market could be as much as $75 billion by the year 2030. That projection has increased significantly from the estimate of $50 billion that was originally anticipated by the year 2026.
Why You Should Invest Now Before The Sales Growth Of Cannabis
The “Green Rush,” as it is called in investment circles, might have cooled slightly, but there is no end to it on the horizon. Investors who feared that the industry was booming too quickly might have pulled back a bit, but that is why now is a perfect time to get in. Since no forecast projects sales to drop, investing for your future is one of the best moves you can make. Those who get in early will realize the greatest profits. And since many states are still waiting to get on the legalization wagon, when they do, the profits will grow exponentially.
If you want to secure your financial future, now is the time to invest in cannabis. It is an industry with projected growth that is unstoppable once legalization nationwide happens. But don’t wait for that to happen – now is the time to get in. Call Maricap today to discuss how best to invest in cannabis to be ahead of the game when it becomes legal across America.