The recent dip in cannabis stock only offers greater opportunity before the rebound
The cannabis industry moves more than $400 billion around the world, between legal trade and illegal practices. However, more and more countries are authorizing its use, especially for medicinal reasons, which has led to the production of more than $150 billion in the legal market; in turn, an increase of more than $100 billion is projected for next year. This makes the investment opportunity quite remarkable, even though the market has been hit hard in recent months.
The marijuana industry looks scary now, but it is a high-growth industry that is extremely attractive to many investors. As usual in any industry, ups, and downs are experienced, but that does not mean that the future of the cannabis market is negative. With a little patience and a high tolerance for risk, cannabis stocks should pay off in the long run.
As a relatively young market (due to its recent legalization), its continued expansion will benefit early investors in this industry the most. With the varying returns in the market, it is no wonder that more and more investors are making the decision to bet on cannabis.
More and more countries are willing to set aside prejudices and evaluate the economic benefits of investing in cannabis. According to Grand View Research, the global cannabis market could reach a volume of $70.6 billion by 2028. And if the US finally decides to legalize the narcotic at the federal level, the industry’s growth would be even greater.
At this juncture, many investors see cannabis as an important opportunity to grow their wealth. Cannabis legalization, in fact, has gone from being anecdotal to a global trend.