Monday, June 23, 2014

The green rush

Do you like to take risks? Do you have a ton of money to invest? You might want to consider investing in one of the many businesses developing ancillary products for the marijuana industry. Alicia Wallace writes:
The legalization of marijuana for adult recreational use in Colorado and Washington coupled with a growing base of states that adopted medical marijuana legislation has spurred a boom in the legal cannabis business.

The budding industry is expected to tally $2.57 billion in sales this year, according to an ArcView Market Research report released late last year.

If the "groundswell" continues, cannabis could be a $10.2 billion business in 2018, ArcView officials wrote in the second edition of "The State of Legal Marijuana Markets."

One of the fastest growing areas for investment is the ancillary business segment, which consists of firms that do not handle the marijuana products, but provide services for those who do.
Read more here.

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