The Cannabis movement is building in the upcoming elections and with it, is increasing the possibility of investment in the industry. The main question that this subject brings to light is: “Why should I invest in cannabis?”
Both the medical and recreational marijuana markets have seen unbridled growth since the market began to expand after the legalization in states like Colorado, and forecasts show that this will continue as more and more states open up their doors to cannabis. There are currently many reasons to invest in this industry, but here is a quick overview of some very promising data:
4 states have passed recreational cannabis laws.
24 states have passed medical cannabis laws.
The legal cannabis market grew 17% in 2015 to $5.4 billion, according to ArcView Market Research.
ArcView estimates this market will continue to grow another 25% in 2016 to $6.7 billion.
After recreational cannabis laws were passed in 2012, Colorado's cannabis sales have already hit $1 billion per year.
Finally, the research and development of cannabis-based medicine suggests it could offer new hope to people suffering from serious disease, such a epilepsy.
This market is growing at an unprecedented rate, with more and more states joining the initiative. If legalization in highly populated states like California is approved, this growth will soar. And with companies like Aerogrow INTL (AERO) and American Cannabis (AMMJ) going public on the stock exchanges, we will be seeing more and more avenues of investment for this extremely profitable industry.
Below is a list of some of the current, publicly-traded cannabis stocks:
Aerogrow INTL INC (AERO)
Agritek Holdings (AGTK)
American Cannabis (AMMJ)
Abattis Bioceutical (ATTBF )
Bedrocan Cannabis (BNRDF )
Advanced Cannabis (CANN )
Green Cures & Botanical Distribution Inc. (GRCU )
GreenGro Technologies, Inc. (GRNH )
INSYS Therapeutics, Inc. (INSY )
Growlife, Inc. (PHOT )