For over a century, Cannabis was an illegal substance in many parts of the world. But in the last two years, things are actually changing.
Canada, for example, has legalized the medical and recreational use of Marijuana. US states are also repealing laws to make these products legal. A lot of people are starting to invest in Cannabis companies.
These investments have largely been driven by the opportunities that the Cannabis industry offers. First, the legalization of Cannabis and CBD oil in the US and Canada is expected to create a huge market for these products.
Current estimates show that the Cannabis market globally will be worth £17 billion in four years. Investors see this as a good opportunity to cash in on the high demand.
In addition to this, there’s also a lot of scientific backing on the medical benefits of Cannabis and CBD oil. Some studies have actually shown that Marijuana can be used as a natural substitute to opioids due to its pain-relieving capabilities.
The opioids market at the moment is controlled by a small number of big pharmaceutical companies. The market is worth billions.
Cannabis can offer a more attractive option for people suffering from chronic pain. Investors are betting that people will actually start using CBD and Cannabis instead of over-the-counter pain meds.
This creates a unique potential for massive revenues. The deregulation of CBD oil in many states is also making investments easy. People can raise money and invest it in Cannabis companies without the fear of legal trouble.