Posted on 07/23/2017 3:19:05 PM PDT by 2ndDivisionVet
The cannabis industry could have a notable economic impact, if the U.S. federal government stays out of the way.
Investors are always on the lookout for fast-growing industries, which means there's no surprise why marijuana stocks have been such strong performers over the past year. Far more pot stocks than not with a market cap of at least $200 million have doubled or tripled in value over the past year.
Optimistic growth figures for the industry are seemingly everywhere. Aside from the fact that a record number of Americans surveyed by Gallup and CBS News want to see cannabis legalized from both a recreational and medical perspective, the sales growth in the legal-weed industry has been phenomenal. Following 34% growth in legal weed sales in North America last year to $6.9 billion, total sales of recreational and medical marijuana are forecast to expand to $21.6 billion in North America by 2021, according to ArcView Market Research. This sustainable growth has been precisely why investors have latched on to marijuana stocks as possibly the greatest thing since sliced bread.....
(Excerpt) Read more at fool.com ...
Poppy is next.
A stones nation.
Great.
So I guess all these employees will be paid in cash as the industry cannot use banks?
For your interest.
There were an awful lot of “if”s and “Maybe”s in that article. I once looked up some Marijuana stocks out of curiosity. I wasn’t impressed. Oregon has legalized it, and I have 7 stores within a mile of my house. They all look like small outfits. I’m not aware of any chain stores for weed. Investing now without diligent research would be foolhardy.
The majority in most states wants it legal, and the states need money.
Obviously the legalization movement will continue to spread.
While the weed industry might create jobs, the money taken out of the existing economy will probably be a greater loss. The weed doesn’t contribute to the economy.
Until DOJ goes after them.
So - which ticker symbols are hot?
The fiscal potential for the legal cannabis industry is immense, IMO.
The surface of that potential has been barely scratched thus far.
“The weed doesn’t contribute to the economy.”
Epic fallacy. Right now legal cannabis is creating both jobs & wealth for every day people. People working in the industry buy food, gas, pay their rent, etc just like folks who work in other legal industries do.
Once Fedzilla get’s out of the way & allows the legal cannabis industry to use the federal banking system it will explode with growth the economy will benefit from it.
It's only temporary. After President Trump squanders an historical opportunity to Make America Great Again by allowing his useless Attorney General to refight the drug wars of the 80s, President Kamala Harris will throttle back on the D.A.R.E. nonsense and once again allow legal weed to flourish.
The weed we buy from Mexico isn't contributing to the economy.
Just, WOW, man!
The politicians are really trying hard to get the citizens of this country doped up.
Then things should work out for you.
“Poppy is next.”
Absolutely not. Opium is physically addictive, and easily kills people via overdose. Marijuana does neither.
“A stones nation.
Great.”
What exactly do you think we have now...?
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