Let's Make Some Green

Let’s Make Some Green

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            Whether you support Medical Marijuana, smoke it yourself, or disapprove of it altogether, there is no denying its investment potential. Medical Marijuana is now legal in 18 states throughout the U.S. Colorado and Washington has now legalized it for recreational use as well. Today, it is a 1.7 billion dollar a year industry with the potential to grow up to 50 billion. This growth is pending its legalization federally, not just in a select number of states.

           

            Currently Colorado is leading the charge in terms of sales of Marijuana with 181 million dollars in sales since 2010. The investment world is buzzing ever since the election and Marijuana’s recent legalization growth. Investors are now seeing the massive potential of the Marijuana industry. There hasn’t been a completely new commodity to invest in in the United States in some time. This could be just what the U.S needs to stable a staggering economy.

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           This industry still faces a massive amount of discrimination. People morally object to the sale of Marijuana under any circumstances. In fact there are a large number of banks in U.S that refuse to deal with legitimate Marijuana businesses. But, where one door closes, another opens. Many investors are jumping on this growing industry.

            The potential of the Marijuana industry lies in three main areas: Consumers, growers, and retailers. All of these options have a vast amount of potential. For example, there are constantly new innovations in the field of Marijuana consumption. There are new vaporizers and healthier forms of consuming coming out all the time. This creates a great investment opportunity for anyone looking to be on the forefront of technological advancement. If that’s not for you, there’s always investing in the retail side. New dispensaries and shops are opening up daily and sales are increasing at a substantial rate. If neither one of those tickle your fancy, then get right to the core and invest in the production and growing of Marijuana. All of these have the potential to become major payoffs.

           

             Times are changing and ways to make money are changing with them. Consider how you feel about Marijuana and its legalization. If you don’t support it then think of all the money you could make. If you’re still not on board then you may be getting left behind.