Investors Are Betting Massively On The Shining Future Of Recreational Cannabis

A couple of years have passed; the sale of recreational marijuana is regulated by Colorado. With extensive research, the prospects of recreational cannabis look bright. Therefore, investors are keen to make massive bets on it.

The industry of recreational cannabis is changing rapidly. By observing the space, the investors considered the last few months as an impression of future. More people now believe that the medicinal value of cannabis cannot be denied.

As per The Huffington Post report, a Quinnipiac University poll revealed on Friday and a majority of the state's voters support the decision of making marijuana legal in Colorado and say the outcome has been good so far. However, there are some people too, who still prefer to stand opposite the law of legalizing marijuana.

Not only the public sentiment has been consistent on legalizing marijuana, it created a good impact on state's budget too. In fact, when Colorado government collected more revenue, they wanted to distribute some excess amount among citizens.

However, voters took a ballot initiative and permitted the government to keep the extra earned funds. All these are just instances of the shining future of recreational cannabis.

According to Visual Capitalist news, celebrated investors like Peter Thiel have already made colossal bets on the shining future of recreational cannabis.

Now, most of the people think that marijuana should be legal all over the world keeping its medicinal value in mind. Recreational cannabis has already been legalized in four states of US along with D.C. Besides, marijuana is also available in 20 different states along with Canada to serve medical purposes.

According to market researchers, by 2016, 6 to 13 more states will make recreational cannabis usage legal. In 2014, Colorado itself sold million dollars of cannabis for medical and recreational purposes.

With the passage of time, cannabis sale is soaring sky high. As per experts' estimate, the legal marijuana industry will be of billion dollar value by 2018. The growth story of the cannabis industry is just resuming for the interested investors.

According to MJ Biz Daily news, "To see product sell out in a matter of hours for $2,800 a pound is unbelievable," Cannabis CEO Jennifer Beck said in October. Even sometimes back they are experiencing bidding wars. A microbial testing rule has been added to make the legal cannabis industry safe and secured.

In recent years, the total legal cannabis sales and stocks have boomed as approx. half of the US and all of Canada has access to medical marijuana.

In fact in early 2015, Colorado's experienced insiders of cannabis industry predicted impending cost crash in wholesale market due to the new testing rule. On the contrary, just the opposite trend is dominating the cannabis market right now i.e. prices are shooting up lately. This is the high time for investors to put their bets massively on the shining future of recreational cannabis.