The Cannabis Market Is Growing More Every Day
First of all, we are sorry for not having a new posts in the last couple of days, but we were out of town and did not have an Internet connection. Fortunately, there are many good news about the legalization of marijuana around the world and today, we are certain that the cannabis market, will grow at a faster pace, than the smartphone market.
The medical potential of cannabis, is already being accepted in many places of the world and there are now plenty, who are certain that legalizing this herb, is the smartest decision right now. According to the Huffington Post, the marijuana market is growing incredibly fast in the US and the world as well. This only proves, that people are accepting this herb and that they want to end prohibition once and for all.
The Huffington Post Cannabis Report
According to the investigators from the Huffington Post, the US marijuana market, should collect around $1.4 million in revenue this year, which is a very high profit margin and is certainly higher than many of the other legal industries in the world. Different surveys were conducted, in order to get this information and dispensaries, marijuana processors, growers and other cannabis related business, were part of the investigation.
Steve Berg, who was a manager director at Wells Fargo Bank, "Cannabis is one of the fastest growing industries. Domestically, we weren't able to find any market that is growing as quickly." According to some research groups, the smartphone market is only growing at a 7.3% annual rate, which is a lot lower than the marijuana market right now.
As more States of the US begin to legalize this herb and more countries are doing the same, more entrepreneurs will begin to try and get in this market, which is why it has an incredible potential and it will continue to grow over the next couple of years.
We need to continue fighting against cannabis prohibition and admit that the current laws are not doing any good. Please remember to share and like this blog post, so that more people can know about the marijuana market and how it is growing at a faster rate, than the smartphone market. You can also subscribe to our free mailing list, by leaving us your email in the box to the right and we will send you more information about the marijuana industry and its legalization.
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