The US is about to experience one of its biggest social and economic changes in generations. State after state are putting legalizing either medical- and/or recreational use of marijuana on the ballot for the people to vote.
A couple of months ago Rolling Stones Magazine published an article describing a report on the forecast on the CBD market.
For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. But it turns out that one market is spinning off into a mega-industry of its own: according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022.
With investments in companies like Pax Labs in the amounts of $420 million, it is clear large expectations are shaping up in the future of the cannabis industry.
A new gold rush is coming. Which companies will be able to grab the market, how can you as investor gain profit in this new economic boom which is coming.
Here at Strains of America we are small time investors. Nevertheless, we have been investigating how we best can put money to work in our favorite plant. Other than consuming weed, CBD or cannabis cookies, we have bought some cannabis related stocks over the last 4 months. Over time, we will put more investments in marijuana stock to profit of the boom in cannabis.
Our prediction is, like in any gold rush boom, a large number of companies are fighting and competing to become the dominant player in the space. Either in growing Cannabis, delivery of marijuana or any kind of by-product for the consumption of weed. This includes the rolling papers, which are peanuts in valuation, or vaporizers like Pax Labs are producing.
Most likely, at some point, there is a consolidation happening, in which crazy money is invested, valuations are booming into tulip bubbles and many millionaires are minted.
Will you be one of the early adopters in this investment thesis, building wealth through the cannabis boom?