Essential Tips for Creating a Working Marijuana Investment Strategy

Written by Small Business Magazine on September 27th, 2016. Posted in Cannabis business license regulations, Colorado marijuana business license, Marijuana consultant

Cannabis business license application

In 2014, investments in marijuana industry rose by 74 percent up from $1.5 billion for the previous year, according to The ArcView Group. The figures have continued growing since then making the industry an attractive venture for other investors. Even with many investors flocking to this opportunity, it doesn’t necessarily mean it is generally lucrative. Every investment opportunity has its own perks and pitfalls, so it’s usually wise to get prepared with a marijuana investment strategy.

Ways to Invest in the Marijuana Industry

For a successful strategy, it is important to identify the best areas to invest in. In most states, you can only have two licenses out of about 17 areas of marijuana business optio