Why Invest in the Legal Marijuana Industry?
– “Cannabis is one of the fastest-growing industries… Domestically, we weren’t able to find any market that is growing as quickly.” – Steve Berg, former managing director of Wells Fargo Bank
– Fourth quarter reports in 2013 have revealed that the legal marijuana industries, when combined, create the fastest growing market in the United States. The marijuana market is predicted to grow by 64 percent, to $2.34 billion, in 2014. The reports also predict that 14 more states will legalize marijuana for adult recreational use by 2018, potentially creating upwards of a $10 billion marijuana market in the United States. (“Marijuana Market Poised To Grow Faster Than Smartphones.” The Huffington Post. November 14, 2013.)
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