For a long time, there was a lot of restrictions in the use of marijuana because of some of its unwanted effects, yet now, some countries are recognizing their beneficial effects thereby legalizing them. The legal use of marijuana in some countries is done because of its medical benefits. However, it is another story with the recreational use of marijuana. There are now an increasing number of countries that legalize the use of marijuana for recreational purposes. For countries that have legalized the use of marijuana, there are now several federal regulations that are being put up for them. Such regulations have then paved the way for people to be making investment choices that the cannabis industry offers.
For those countries that have legalized the use of marijuana, you will see that their cannabis industry is becoming a fast growing one. In the year 2016 alone, medical marijuana was proven to have made a total of 4.7 billion dollars and is expected to even go up in the year 2020 to 13.3 billion dollars. Furthermore, in terms of recreational purposes for the use of marijuana, you can see that in the year 2016, the sales of recreational marijuana has resulted to 2.6 billion dollars then by year 2020, it is expected to go as high as 11.2 billion dollars. Because of how successful the expansion and the revenue of the cannabis industry has become, the cannabis industry has thus become one of the best investment options there are among investors who would want to make it big in their chosen investment career.
And yet, when you look at the cannabis industry, you will see that there are still not a lot of investors that go into investing in the legal cannabis market. What must change? How will investors go about in the cannabis industry then?
What you must remember when you invest in the cannabis industry
Ever since the cannabis industry has been legalized, there have been an increasing number of investors that go into it. There are a lot of ways for one to invest successfully in the cannabis industry. So that you can be part of the annual 16 percent growth rate of this industry, you have be sure to make a direct investment with the cannabis industry. Just do not forget to look into the capital you are required to offer with this cannabis industry. And yet, when it comes to the present times, you will see that your investment options of the cannabis industry are still not a lot. You just have to rely on the regulations that are on the rise with how the cannabis industry is slowly being accepted all across the globe. Just be sure to be patient with the changes in the regulations and there is no doubt that you will be investing big in the industry of cannabis.