The post How To Invest In The Legal Weed Market appeared first on High Times.
If you’re someone who’s passionate about emerging markets, you may have looked into how to invest in the legal weed market. The legal cannabis market is already massive, and it’s projected to get even bigger over the next few years. This is opening up some exciting new investment opportunities. But how, exactly, do you invest in legal weed? Here’s an overview on how to invest in the legal weed market. If you’re willing to take the risk, a smart investment now could pay huge dividends in the near future.
Introduction To The Legal Cannabis Market
Currently, in the U.S., recreational weed is legal in Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Washington, and Washington, D.C. Earlier this month, Vermont became the ninth state to legalize recreational weed. Additionally, there are 29 states where medicinal cannabis is legal.
Despite the growing numbers of states with some form of legal weed, it remains illegal at the federal level. This tension can make investing in legal weed a little trickier and more complicated than investing in other markets.
But going through the additional effort to figure out the legal weed market could lead to some extremely profitable investments. In fact, Arcview Market Research recently reported that the legal weed market in North America grew 33 percent last year. The market finished 2017 at just below $10 billion. Experts predict that the legal cannabis market in North America will be worth $24.5 billion by 2021.
Looking beyond North America, experts predict that the global cannabis market could exceed $31 billion in the next four years.
With this sort of explosive growth on