Cannabis like marijuana is transported in high amounts worldwide, but that is mostly due to its reputation as a drug that can have psychoactive results when used for recreational purposes. The effect pushed people to try cannabis, but ever since people have gained more awareness about its medicinal properties, the perception of cannabis has shifted.
At present, it is garnering the investors’ attention, and there are some reasons why this may be the right time to invest in cannabis manufacturing and delivery. You can find out more on this from sources like OWPC Stock News Investors Hub.
- Legalization of Cannabis
The push towards legalizing cannabis is one of the principal reasons it is a good time to invest in cannabis. In the US alone, about 35 states have legalized cannabis for medical use.
Out of them, about 16 states have also approved the recreational use of cannabis since April 2021. It is no longer illegal to possess or use cannabis in these states, making it a viable business opportunity for investors.
Moreover, cannabis is also allowed in certain other states for medical use if the caregiver or the patient has a permit card and has a prescription for medicinal cannabis from a licensed therapist or medical practitioner. Hence, the cannabis business is now as legal as any other business.
- Employment Opportunities
People can now order cannabis easily and have them delivered, which has given rise to several employment opportunities. The cannabis industry was estimated at $13.6 billion in 2019, and about 340,000 jobs were provided in respect to dealing with the cannabis plant, its processing and delivery.
Already more than half of the US population believe that cannabis should be legalized within ethical limits. This will give rise to even more employment opportunities in the future as political policies may shift more in their favor. With more employment comes more business, and the investors can be sure of reaping their profits.
- Policy Changes
The fact that it is still a controlled substance and FDA oversees some of the production and marketing rules lends a great deal of credibility to the industry. As people gradually become more aware of its medical properties, with federal funding being provided for further research, the demand for cannabis has already increased.
Cannabis is no longer considered a prohibited substance, and the stigma surrounding its usage is gradually receding. With cannabis being largely accepted in the mainstream in recent times, investors have seen doors of new opportunities opening up recently, making it one of the best periods for investment.
Cannabis use has almost doubled in the past decade. Investors and even bankers have pushed for more legal clarity over funding cannabis-related businesses. They are all being discussed one by one, making it easier for investors to invest in this cannabis manufacturing and delivery.
With the FDA and the US government softening their stance over cannabis, there is endless potential for growth in this business. You can check out more on this from sources like OWPC Stock News Investors Hub. Those who manage to capture a bulk of the market now might see remarkable returns on investment in the future.