Businessmen from all over the globe are looking for the best way to invest and have a high return on their investments. We can see that one of the ways to earn significantly is the cannabis industry, which proved itself to be one of the most fruitful ones when it comes to the return on investment. Since cannabis was legalized in some states, a lot of doors have been opened for a lot of investors from all over the country.
Due to the need for cannabis and cannabis-infused products, we can see that the growth of this business has been rising significantly in the last couple of years. Not only that, the potential of this industry is yet to be fully achieved. The problem with choosing which part of the industry to invest in can arise due to the fact that there are a lot of different fields in which you can invest your money. We can see that there are a lot of them have witnessed significant growth in the last decade, and this causes a lot of people not having the right idea where to start.
As you can imagine, no investment comes without a risk. This is a reason you need to seriously consider all the elements that can influence your success. One of the most interesting fields in this business is marijuana stocks. We are not talking about anything that can be considered new. In fact, it is present for a high number of years. But it witnessed a loss in the overall value recently. Therefore, it makes sense to invest in it since it will witness a major boost in the future. Without further ado, let’s see why you should invest in marijuana stocks.
1. Marijuana Stock’s Future Growth
We’ve mentioned the fact that marijuana stocks witnessed a loss in their value recently. Due to the nature of the industry itself, it’s only natural to presume that its growth is inevitable in the future. Plus, we can see that all the aspects of this industry have a pretty steady rise, both recreational and medicinal part.
According to the recent research conducted by Grand View Research, we can see that the global marijuana market will touch $73.6 billion by 2027. It goes without saying that this part of the market will grow along with it. Therefore, you should be patient and invest in having future growth in mind.
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2. High Demand
When we take a look at some of the states who’ve legalized cannabis, we can see that the demand, both for recreational and medicinal uses increased massively. We are absolutely sure that the demand was pretty high during the years this substance was illegal. Therefore, it makes perfect sense to see why it was legalized.
There are a plethora of different companies who’ve made a significant revenue over a couple of years. Even in the recent situation, when the global pandemic of coronavirus started, we can see that this demand didn’t decline almost at all. In fact, we can see that the demand has risen by up to 25% in some of the states. The reason is pretty clear, people wanted to find a way to chill out during these hard times.
3. Future Decriminalization
Pretty much every person in the world has heard about the decriminalization or full legalization of cannabis in some of the states. However, we can see that there is a tendency which says that a lot of states who didn’t make any kind of moves in this regard will do it in the future. In fact, we can see that some voices tell us about how many states think about decriminalization in the future.
We are talking about the potential this market has in the future. Every business owner will be able to reach out to many more people with their products. It’s needless to say that the revenue will be increased massively in the future. You can be sure of that. When it comes to the political aspect, we can see that there isn’t too much difference between Republicans and Democrats when it comes to this question.
4. Wall Street Accepted Marijuana Stocks
Without any doubt, we can see that Wall Street started to pay serious attention to marijuana stocks. This was not the case not so long ago. These were completely ignored by Wall Street. However, the situation has changed drastically in 2019, and we now have a situation that encourages people to invest in this industry.
So, a lot of big companies and organizations have started thinking about investing their money into marijuana stocks. This resulted in a significant rise in the market, and the competition has risen to the highest possible level. Now, we can see that there are more analysts who are covering these stocks. This ultimately leads to the rise in investments into this industry and the costs of stocks getting higher.
5. The Undiscovered Potential
It’s needless to say that there is a lot of potentials we need to discover when it comes to cannabis. There is no way in the world we can know about the future and what is the future of this market. We can see that one of the reasons for the legalization in so many states in the US was the discovery of numerous medical benefits it provides to its users.
As we’ve already mentioned, a lot of the potential is yet to be discovered. So, there is no way in the world we can predict what is the future of the market. We can see that there are not so many reputable studies about cannabis. But we can see that there are some occurrences that show us that this field will be studied much more seriously in the future. We are pretty sure that something new will be discovered.
Without any doubt, we can see that marijuana stocks are the new black. Even it witnessed a decline recently, there is absolutely no doubt that it will rise once again. Here, we’ve provided you with some of the major reasons why you should invest in it. We hope you’ll find our article useful.