1. Legal Marijuana
“The legal cannabis industry has been growing at a spectacular rate for the last few years,” said Derek A. Peterson, president and CEO of Terra Tech, which works to create and market environmentally friendly agricultural equipment for commercial and retail markets.
[...] An early 2015 report from ArcView Market Research found that the U.S. market for legal cannabis increased 74 percent in 2014 to 2.7 billion. In 2013, that number was only 1.5 billion. According to ArcView, legal marijuana is the fastest-growing industry in the U.S.
Peterson said that a positive shifting perception on marijuana has helped the legal marijuana industry. “The government’s legislative bodies are becoming more aware of their constituents’ stances on cannabis, which are increasingly supportive,” he said.
For 2016, he expects growth in the industry to continue at a compounding rate as it has been doing over the past few years. “Plus, next year we should see at least one other state successfully pass a legalization initiative, which will further expand the market,” he added.
Peterson’s tip for investors: “While there are a number of lucrative opportunities for investing in the cannabis industry, those looking to do so should conduct significant due diligence [...] However, it has proven to show several recession-proof characteristics, which can be a decent hedge in someone’s portfolio.”
One perception is that there is exceptional opportunity to generate wealth by being favored in any limited growth-trial scenario, so Minnesotans should pay attention to who got what via the limitation of first to market growing opportunity in our state.
This link |
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Some links of interest, in no particular order: Strib, stopthedrugwar.org, Rolling Stone, here, whitehouse.gov, N.Y. Times, here, here, here and here (some of the better reporting), SAM, leafscience, ABC News and Yahoo on the Canadian Liberal Party win, here re stock valuation, Motley Fool, tax impact, Soros - see also zerohedge, and Guardian from 2013. As legalization grows, should we pity the privatized prison industrial complex, now having to house dangerous felons as an inmate majority instead of benign pot heads, in order to profit obscenely off the public feeding trough accorded them? Last, if you want to read only one item, try this one. Especially if you are a private sector can do things better libertarian. Related to that, this private outlet link.
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The Washington State Green Buddha shop's situation and argument online, here, here and here for example, is interesting in showing how the state's several medical marijuana firms are being bottlenecked into a new less diverse arrangement, with Green Buddha having suspended business while a license application under the new regime is pending.