Canna ChronicleReady or not, the green wave is here. The cannabis industry is growing and more and more states are having a conversation about medicinal use, decriminalization, and recreational use. This would add growth in a brand new legal sector to the economy. From hedge fund and private equity guys loaning out money for start up companies, to producers, to the local shop owner, it’s hard to overlook the fact that cannabis is bringing about lots of green, jobs, cures, health…and high times.
1. Investment Capital is Available for Cannabis Start-up Companies
The California-based cannabis research and investment firm, ArcView Group, reports that the legal cannabis industry expanded 74 percent in 2014.
2. Four States Have Legalized Recreational Marijuana
Marijuana is legal in Colorado, Washington, Oregon, Alaska and the District of Columbia. Marijuana is also decriminalized in several other states.
3. Distribution of Cannabis Will be Centralized
As more and more states legalize and or decriminalize marijuana, there is a greater demand for dispensaries and products, such as edibles.
4. More Medicinal Benefits are Being Discovered
There’s a progressive movement in the medical and alternative health communities for a natural approach (marijuana) over traditional medications (pills.)
5. Consumer Product Opportunities
As the consumer base for cannabis grows through legalization, so will the demand for pipes, papers, vaporizers and other peripherals.