There is so much going on in the cannabis industry, activities all that show and tell that the industry is at an all time high. Going by the reports and estimates by the experts in the investment sector, the investments in the cannabis industry in the passing year has reached the level of 5 billion dollars. These do not only apply for the investments in this industry but as well happen to be applicable for the sales seen and expected in this market, with these being estimated to get to as high as 10 billion dollars in the year. Thanks to the growth that has been so seen in this market and industry, and the potential it has, a number of the companies in this industry and cannabis affiliated ventures have as such entered the mainstream, with many getting into the major stock exchanges such as NASDAQ and the NYSE, to mention but a few.
In as much the smaller entities have recorded mixed results, posting astronomic returns and as well losses in the past, the more established ones have on the other hand recorded steady performance. Going by these facts, it is still not as easy hashing out the good companies all as a result of the gains that have been so seen in the over the past years. Get the following as some of the basic tips that you need to have as you make your move investing in the cannabis industry.
First and foremost, let it be known that investing in this industry, the cannabis industry, is not one that is not limited to the retailers and the growers. There are a number of the industries that were outside of the cannabis industry before legalization, offering ancillary services and other derived services and products, but today have gotten on board thanks to the legalization.
The one thing that needs to be as clear on all is that even though the use of cannabis has been legalized in a number of states in the United States especially for medical and recreational purposes, the same is still not legalized at the federal level of government. This has been the major cause for a number of the companies that are in this industry to get their listing on the national stock exchanges such as the NASDAQ and the NYSE. To help overcome this need as they seek to raise additional capital, a number of the companies in the cannabis industry have as such gone public on the Canadian stock exchanges where the laws and regulations on the cannabis industry and products have been so relaxed and allow for the use of the cannabis products at the national level.