Investing in the Cannabis Industry–Medical Marijuana and Other Opportunities

Written by Small Business Magazine on October 20, 2016. Posted in Cannabis grow consulting, Marijuana consultants colorado, Medical marijuana

American cannabis consulting

There are a number of ways to invest in the cannabis industry. First, however, you may be interested in learning about recent findings on the legalization of medical and recreational marijuana use, marijuana usage in general, and the results of several research studies.

There has been what some might consider a substantial increase in the number of Americans that now support marijuana legislation. In 2010, just 17% were supportive of this legislation, and this figure has now reached 58%.

As of fall 2015, 23 states, as well as the District of Columbia, now allow medical marijuana use, according to the National Conference of State Legislatures. Recreational marijuana use has also been legalized in some states with a combined population of 17 million people. By 2017, it is estimated that this number will increase to 86 million, which represents 25% of the nation’s population.

Approximately 92% of the people that use medical marijuana claim that it has proven to be beneficial. In California, for example, 5% of adults use it for a “serious medical condition.” This includes arthritis, cancer, and chronic pain. In New Mexico, the primary diagnosis for being able to obtain a medical marijuana license is post-traumatic stress disorder.

In a 20-year study on heart disease risk factors, researchers focused on the effects of tobacco and marijuana use on lung function. Interesting to note is that over the course of this study, the 5,115 young adult participants that smoked tobacco had a decrease in lung function, while the marijuana smokers showed an increase.

By 2012, the U.S. FDA had studied more than 20 cannabinoids for medical-use purposes. Many doctors, approximately 76%, approve of medical marijuana use, according to the New England Journal of Medicine.

When looking for ways to invest in the cannabis industry, you will probably be interested in knowing about findings from The ArcView Group, which focuses on this industry. In 2013, cannabis market was worth approximately $1.5 billion and grew 74% during 2014. In 2015, it was expected to grow an additional 32%.

If all 50 states were to fully legalize marijuana, the total revenue would be approximately $36.8 billion. In both wholesale and retail sales, this would represent a 1,262% increase from 2014.

In addition to research and development, other investment possibilities include the global hemp market. It is estimated that there are 25,000 products in nine separate submarkets, which includes agriculture, paper and textile production as well as personal care.

Furthermore, over the next five years, it has been predicted that legal cannabis will bring in an even more significant amount of revenue. Predictions indicate that this will exceed both the film industry and organic foods. The cannabis industry is also expected to bring in three-times the NFL’s revenue.

Additional ways to invest in the cannabis industry include starting a cannabis cultivation business as well as a cannabis consulting company. When planning to make an investment in these or other potential opportunities, it is important to consult with someone who is well-informed on cannabis business development. You will need to submit a cannabis business license application, and it is essential, of course, to become apprised of the cannabis business license regulations beforehand.

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