The cannabis sector is at an all new high. The industry is exploding at an astonishing rate with legalization in many states (Illinois being just the latest).
Current marijuana usage facts show that 24% young adults in the US have admitted using cannabis regularly. California is the state with the highest legalization of medical cannabis.
What’s the deal with cannabis?
First, cannabis can be defined as dried leaves, flowers, stems, or branches of the Cannabis sativa plant. It contains THC and non-psychoactive, CBD. These are two of the most prominent cannabinoids. However the 100 others deserve praise. THC and CBD both have a number of positive health effects that can help with specific conditions. That is why medical cannabis has been approved. Cannabis is approved for medical use in many areas, including treating epilepsy. Cancer, epilepsy. loss of appetite. Opioid addiction and other disorders. The cannabis industry is generating billions.
Based on the United Nations’ most recent report, there are approximately 183 million cannabis consumers worldwide.
– 2017 saw a 37% increase in global legal cannabis markets.
– The US’s total legal and illegal cannabis consumption is greater than $50 billion.
Seniors are among the fastest-growing groups of cannabis users in USA.
The average cost of a ounce (or more) of high-quality cannabis in a single ounce is $326
93% American voters support legalizing medical cannabis.
– Never has anyone died from a marijuana overdose.
As you can see, the cannabis market is growing in popularity every day. With cannabis legalization, people are finally seeing its full potential. There will be more dispensaries and growers in every state. It’s a good idea to get on board if you have the capital and willingness to invest.