3 Reasons Cannabis Investments Are a Good Idea
Financial analysts aren’t calling legal cannabis the “Green Rush” for no reason. With legalization still in its infancy, investors have the opportunity to get in on the ground floor of a burgeoning industry. However, if you aren’t a seasoned investor, or maybe you’re unfamiliar with the cannabis industries, you may be wary of the opportunity.
That’s why we’ve compiled a list of three comprehensive reasons cannabis investments are a good idea. Continue reading to learn why investing in the “Green Rush” is worth your time!
1. The Early Stages of a Behemoth Industry
First and foremost, we are in the infancy of what’s predicted to be an extremely profitable industry. In fact, studies estimate that the marijuana industry in the United States could exceed $57 billion in profit by 2030. With such immense growth in the forecast, it only makes sense to invest in cannabis while it’s still in the early stages of its legal existence.
2. Investment Options are Boundless
As the industry begins to grow, investing in cannabis will continue to offer more and more avenues of capital. While investing in dispensaries seems like the obvious choice, there are several other alternatives in cannabis that offer lucrative financial assets. Here are a couple investment options to explore:
- Growing Operations – Investing in companies that cultivate cannabis before selling their product to dispensaries can be an excellent segue into the industry.
- Product Manufacturers – Manufacturers are vital to the industry because they provide packaging and labeling for cannabis products. Not to mention, many companies also manufacture paraphernalia necessary to use cannabis.
3. Some Risk, But High Returns
As with any investment, there are bound to be risks. In particular, the legal marijuana industry remains a cash business at the moment, as dispensaries are unable to receive loans, accept credit cards, or open bank accounts. While there is risk involved with investing in a cash business, this is likely to change as congress attempts to pass the Secure and Fair Enforcement (SAFE) Banking Act.
Despite this potential risk of investing, the possible returns of the cannabis industry far outweigh any liabilities. The fact of the matter is, legal cannabis sales are expected to explode in the coming years, so investing now will grant you early access to a booming industry.
Explore Cannabis Investments with Herban Creative
As New Jersey’s premiere cannabis advertising agency, Herban creative offers unrivaled insights into the cannabis industry. Whether it’s through our blog or speaking directly with our team, we can help you navigate legal marijuana in New Jersey. If you’re an established cannabis company or looking to break into the game, don’t hesitate to contact us!