$32 billion by 2022. That’s how big the global cannabis industry is projected to become. And it’s more than three times the size of the industry in 2017. How can investors cash in on this tremendous growth? Click ahead for 10 ways you can invest in cannabis.
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As the author says “I use the word ‘cannabis’ because I think it legitimizes referring to this thing by its truest identity: a plant.
Thinking about it as a plant helps strip away the socially-attributed associations of illegal contraband and deadend pastime.
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Prospects of federal marijuana reform – and the growing fortunes of cannabis businesses – could become more of a reality if the U.S. House turns over to a Democratic majority in the Nov. 6 elections, industry experts predict.
Cannabis proponents believe if the House breaks the deadlock on federal reform, the Senate will follow because it recognizes that the majority of Americans favor legalization.
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Broader consumer acceptance of marijuana across North America signals that the nascent industry may soon take a place among mainstream industries ranging from cosmetics to nonalcoholic beverages.
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Looking ahead to the next couple of years, two states stand out as likely the next big marijuana markets: New Jersey and Illinois.
Both states have followed a remarkably similar path toward full legalization, with Illinois a near mirror of the process in New Jersey, only one year behind.
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Facebook Inc., will repeal its moratorium on cannabis and related search results, according to MarketWatch. Their decision came just days before the legalization of adult recreational marijuana sales in Canada this past Wednesday.
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The Trump administration is seeking public comment about whether cannabis and other drugs should be reclassified under international drug treaties.
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One of the biggest issues currently facing the cannabis industry is the lack of legal access to banking. Cannabis companies such as dispensaries are currently being creative with cash-only businesses or using cryptocurrency and blockchain technology, to skirt around current federal regulations which bar them from banking. However, if Canopy Growth’s CEO Bruce Linton is to be believed, that issue may be rectified as early as January of 2019, when according to him, canna-businesses will be able to begin to bank legally. Linton calls the unprecedented, upcoming move “a Christmas present,” to the cannabis industry.
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Here are 18 industries cannabis is disrupting | As legal cannabis goes mainstream, it’s creeping into everything from CBD-oil infused beauty products, to houses made of hemp, to banking for marijuana retailers.
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The future looks very green indeed. But since New Year’s Day 2014, when Colorado opened the world’s first regulated recreational marijuana market, the business climate for weed companies has proven immensely difficult for a range of reasons, including high taxes, rapidly changing regulations and a still robust illicit market.
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