The marijuana industry is expected to only get bigger and bigger as more states embrace legalization. With that said, now is the time to get in the industry- especially for investors.
There are many funds today investing in the cannabis business.
Overall public opinion of pot has completely changed, and as the generations age, public opinion is expected to become even more open. Outside of public opinion, the cannabis industry has a market cap of $3 billion as of April, there are more than 50 publicly traded companies related to pot and twenty-four states have now legalized marijuana in some form.
At least seven states are expected to have marijuana legalization initiatives on their upcoming election ballots and predictors are putting the cannabis industry at $15.2 billion by 2020. This is gold in the eyes of investors.
While all of this is promising in the eyes of many savvy business people, it is still important to note that the drug is illegal on a federal level. The federal government has recently turned a blind eye toward companies following state regulations, but that may change after the 2016 election.
Investors are looking for ways to minimize the risk associated with the federal illegality, but many are simply jumping at the monetary opportunity.