Why The Cannabis Industry Will Soon Be Bigger Than The NFL

Statistically, the cannabis industry is experiencing some of the highest growth in the world right now. Legislative efforts across the country have resulted in the passage of medical and recreational laws in 29 states as well as the District of Columbia.

And just recently, Canada’s Prime Minister Justin Trudeau announced plans for the entire country to legalize the use of recreational marijuana.

Support for the legalization of medical and recreational cannabis has grown from a local grassroots effort to a groundswell. And it’s just getting started.

According to reports, the legal cannabis industry is currently worth around $8 to $10 billion, but the unregulated cannabis industry is estimated to be anywhere from $100 to $200 billion. In 2016, the NFL industry made approximately $9 billion in annual revenue.

With all the media attention and interest surrounding the NFL, in addition to their superstar athletes, it’s almost hard to believe that the industry may soon lag behind cannabis.

What does this mean for the marketplace? As the legal cannabis market becomes mainstream, a February 2017 Forbes Magazine article projected that it will create more than a quarter of a million jobs by 2020. That’s more than the expected level of jobs produced in manufacturing, utilities or even government.

However, there are still a number of hurdles facing the cannabis industry.

I worked in the financial market for more than 20 years before founding Amercanex. After meeting with professionals in the cannabis industry, I realized the need for a transparent tracking infrastructure that would increase public health and safety. There wasn’t one in place, so we created Amercanex.

Our marketplace helps protect both the consumer and business owner by tracking cannabis from seed to sale, creating price transparency and operating at true market pricing, while instilling safeguards for the wholesale cannabis industry.

These safety measures are badly needed. Because cannabis has been largely unregulated for years, there has not been a track record of government oversight and protection. There are also hurdles for banking and transportation, which Amercanex has helped to ease with our ACEpay e-wallet solution and transportation solutions.

The cannabis industry may not be as well known as the NFL is right now, but it’s definitely one of the most interesting and dynamic industries to be in as it makes its way to center stage. And maybe one day, some of the brands will be as well known as their team names.

News Moderator: Ron Strider 420 MAGAZINE ®
Full Article: Why the cannabis industry will soon be bigger than the NFL – NY Daily News
Author: Steve Janjic
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Source: 420 Magazine

Why The Cannabis Industry Will Soon Be Bigger Than The NFL

Statistically, the cannabis industry is experiencing a few of the highest development in the world proper now. Legislative efforts throughout the nation have resulted in the passage of medical and leisure legal guidelines in 29 states in addition to the District of Columbia.

And only recently, Canada’s Prime Minister Justin Trudeau introduced plans for the total nation to legalize the use of leisure marijuana.

Support for the legalization of medical and leisure cannabis has grown from an area grassroots effort to a groundswell. And it is simply getting began.

According to stories, the authorized cannabis industry is at present price round $eight to $10 billion, however the unregulated cannabis industry is estimated to be anyplace from $100 to $200 billion. In 2016, the NFL industry made roughly $9 billion in annual income.

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With all the media consideration and curiosity surrounding the NFL, along with their famous person athletes, it is virtually arduous to consider that the industry could soon lag behind cannabis.

What does this imply for the market? As the authorized cannabis market turns into mainstream, a February 2017 Forbes Magazine article projected that it will create extra than 1 / 4 of 1,000,000 jobs by 2020. That’s extra than the anticipated degree of jobs produced in manufacturing, utilities and even authorities.

However, there are nonetheless plenty of hurdles dealing with the cannabis industry.

I labored in the monetary marketplace for extra than 20 years earlier than founding Amercanex. After assembly with professionals in the cannabis industry, I spotted the want for a clear monitoring infrastructure that may enhance public well being and security. There wasn’t one in place, so we created Amercanex.

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Our market helps shield each the shopper and enterprise proprietor by monitoring cannabis from seed to sale, creating worth transparency and working at true market pricing, whereas instilling safeguards for the wholesale cannabis industry.

These security measures are badly wanted. Because cannabis has been largely unregulated for years, there has not been a observe report of presidency oversight and safety. There are additionally hurdles for banking and transportation, which Amercanex has helped to ease with our ACEpay e-wallet answer and transportation options.

The cannabis industry could not be as effectively often known as the NFL is true now, however it’s positively one in all the most fascinating and dynamic industries to be in because it makes its method to heart stage. And perhaps someday, a few of the manufacturers will be as effectively often known as their group names.

Steve Janjic is CEO of Amercanex, a Denver-based digital commodities alternate for cannabis.

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