Marijuana Stocks: Cannabis is Outpacing the Chocolate Industry – PR Newswire (press release)

MIAMI, May 18, 2017 /PRNewswire/ — This could quite possibly be one of the biggest debates that pit state governments against the federal government: legal marijuana (medical and recreational included).  The current Schedule 1 designation has cannabis as being more detrimental than cocaine and on par with heroin, LSD, and bath salts.

There’s been a much harder push lately for legalization efforts by states without current sets of laws as well as states that have only been approved for medical marijuana sales.  Connecticut, New Jersey, Vermont, and even Michigan have all recently been in the news after throwing their hats into the ring for legalizing marijuana in the respective states.

Considering that legal weed in North America is expected to reach $22.6 billion in revenue in 2021 and that the still prevalent black market for weed is raking in somewhere north of $46m, it may be safe to say that as more states come online for legal cannabis, marijuana sales could be set to top the charts of some of the biggest industries we know today.  

Think about this, Chocolate in the US is expected to bring in $25billion by 2019, Cookie sales were under $6billion last year, and bottled water sales aren’t expected to reach the $22-24billion mark until 2024. By comparison, the marijuana industry could “smoke” major markets of scale in a very short period of time and because of this, many onlookers are trying to identify opportunity through early investment.

Some look to benefit from grow operations and others are looking to benefit from the health impact via biotech and health sciences companies.  Everything else in between has many new and seasoned investors taking into account the dramatic growth expected as the US and North America in general begins to spark conversation about

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