Today, marijuana is already legal in many countries, some for medical treatments others for recreational purposes. And then there are also those that have legalized both medical and recreational marijuana. There’s also an increasing number of countries that are in the process of legalizing pot or taking steps to decriminalize it.
Marijuana, has been proven to possess healing properties that can treat a wide range of conditions. It stimulates the appetite, aids in sleep, relaxes the mind, kills cancer cells and offers many other health benefits that simply cannot be overlooked.
Marijuana is an effective treatment for people struggling with mental illness and is an excellent treatment to stop epileptic seizures. It’s inexpensive and nearly impossible to overdose on. You can administer it in a number of ways like smoking, vaping and eating. There are now even topical solutions that contain THC and other ingredients found in cannabis.
Costs and Potential for Profit
A master grower who owns an indoor or outdoor facility can produce a pound of marijuana for less than $1000. A pound goes for around $3000 while an ounce sells for $250 on average in legal marijuana dispensaries. No doubt, legal marijuana growers and sellers stand to make a really good profit.
But it gets even better. When you take out all the cannabinoids out of the bud, the cannabis oil that is extracted can be used invapor cartridges and edibles. A pound of cannabis flower can produce an average of 68,500 mg of oil which means you stand to make $9,590 from just a pound of flower.
Investing in Marijuana
Now with all the potential profit that businesses can make, is it a good idea to invest in marijuana stocks? It definitely looks like a lucrative investment. But there’s one problem – the main regulator in Wall Street, the Financial Industry Regulatory Authority, is going to countenance any cannabis company who will file an S-1 and go public. In fact, no such filing has existed to date. Cannabis companies that are trading now are products of a reverse merger, rather than an IPO and nearly every one of them is a scam.
I believe that in the near future cannabis will be reclassified and when that time comes, the FINRA will finally allow IPOs. The demand will increase and big pharmaceutical companies will also join in. But until such time comes, investors should be discouraged from taking a position in the cannabis market.
I think in 5-7 years we will get there and when that time comes, you better be ready for it. For the moment, marijuana stocks are still not in the position to give you short-term high returns but it soon will be. So continue to keep yourself updated with the latest trends and reports.
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Hope we can have dispensaries here too. Hope that they can allow it for recreational purposes as well. Medical marijuana was approved in the congress, that's a start. Hopefully the senate will do as well. Thanks for sharing! I would really think that as soon as they legalize it here in the Philippines, it would really be a good investment.
Here in Canada a group called Phoenixtears were using cannabis oil to cure many illnesses including cancer. They are still being persecuted today despite the overwhelming evidence and the fact that a judge is on record stating it as fact. I made a film about it that's free to watch online called Healing Cancer with Cannabis.
Canadian here. I'm so happy that we will finally legalise country wide. While the upcoming legislation is not very interesting it is better than anything and we will get to change it over time. I hope I'll be able to put to good use the expertise I learned during the prohibition. I never wanted to profit from it while it is criminalised, kept it to myself.
I would invest, but I would probably smoke it all!!
Very nice completion of post! @iamkunaning
I like this stuff.. in bong .. also
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