The future of the Cannabis Industry is bright, so why not earn some money from it?
Marijuana sales right now are about $7.4 Billion right now, and it is projected to reach around $20 Billion by the year 2020, making the annual growth rate about 29 percent. This research was done by Arcview Market Research in San Francisco.
You basically become a legal drug dealer, with less effort and much higher returns.
“Fraudsters often exploit the latest innovation, technology, product or growth industry — in this case, marijuana — to lure investors with the promise of high returns,” SEC officials said in the cannabis stocks investor alert.
In the cannabis industry, most share trades are done over the counter and don’t have to file financial reports for regulators. Five cannabis companies were suspended for fraud in 2014 by the Securities and Exchange Committee.
Do not let this sway you, though; not all companies are run by sleazy men in suits, there is still money to be made, you just need to know the right companies.
GW Pharmaceuticals is a British biotech company and is one the biggest name in the cannabis industry right now according to the Marijuana Index. This company has only been surpassed by Scotts Miracle-Gro Company (The) which is a corporation that sells fertilizer and other grow equipment. Companies like these are the trustworthy ones you should be considering to invest your hard earned dough in.
The Marijuana Index is a large list of the biggest company names in the weed industry. The Marijuana Index has quite a strict criteria for a company to be included. The index only includes North American countries like the U.S. and Canada and must achieve a quarterly average trading score of 20, which equates to a minimum market capitalization of $30 million, daily trading volume of $400k and share price of $0.10. Companies with at least $5 million of revenues over the prior year are exempt from the above trading requirements.
Wow, that got technical real quick.
These are only the largest marijuana companies, meaning that there are many more, ripe for the picking. Most of these are over the counter purchases, so do your research before considering investing in any of these companies.
It all sounds too good to be true, which it may be. The Marijuana industry is extremely unpredictable. The marijuana industry has grown 180 percent in 2016, but in 2015 it plunged 57.2 percent. But now, after eight more states have legalized marijuana, it looks like the industry has nowhere to go but up.