One of the fastest growing markets in the United States is that of cannabis consulting, distribution and sales. More and more people are seeing the value in cannabis investing opportunities and, as a result, are seeking out advice on how to invest in the cannabis industry in light of changing laws and cultural attitudes. If you’re not sure where to get started, keep reading to learn more about the best ways to invest in the cannabis industry.
What Is Cannabis?
Also known as marijuana, cannabis is a plant coveted by many for its beneficial attributes. Recent law changes in the United States have made this resource available to multiple parties, bolstering a rapidly growing industry for recreational and medical marijuana use. For those that want to learn how to start a medical marijuana business it’s essential to apply for a medical marijuana business license application pro.
How Have Laws Changed?
The United States is changing rapidly day after day in favor of a successful cannabis industry. Nearly 17 million people now live in states that have already legalized the usage of recreational marijuana, projected to increase to 86 million in later 2017. Nearly 60% of Americans support legalization measures, up significantly from 17% back in 2010. This has bolstered interest in parties applying for a medical marijuana business license application pro.
What Is It Used For?
It’s important to know the variety of different ways cannabis is used — while some use it for recreational purposes, others seek it out for reducing pain caused by physical ailment or mental illness. Over 70% of doctors approve of medical marijuana use, with this number expected to increase in light of ongoing studies conducted by various industries. According to a study published in the Journal Of Cannabis Therapeutics, for example, an estimated 30,000 California patients in eight states possessed a physician’s recommendation to use cannabis for medical purposes.
Does It Help PTSD?
While only 6% of studies on cannabis analyze its medical properties, this number is beginning to grow due to mounting evidence in favor of the health benefits. Some non-governmental studies suggest as many as one in every five military personnel returning from both Iraq and Afghanistan suffer from a form of PTSD or panic disorder. Over 92% of patients say medical marijuana works and significantly reduces chronic pain or anxiety.
Where Else Is It Successful?
Many small and medium-sized businesses are enjoying widespread success after applying for a medical marijuana business license application pro. The next five years will see the earnings for legal cannabis exceeding even the film industry’s, organic food’s and NFL revenues combined. Some even estimate the global market for hemp involves more than 25,000 products in nine different submarkets.
Where Can I Get Started?
If you’re interested in developing a marijuana business, the first thing you need to do is apply for a medical marijuana business license application pro. Due to the still fluctuating nature of American laws concerning the use of marijuana in the day-to-day, it’s essential to make sure you’re aware of the surrounding laws. The market is expected to grow by 30% over the next few years and, as of 2012, more than 20 cannabinoids are being studied by the FDA for medical use. With these statistics opening eyes the world over, it’s never been a better time to start.
