Supercharged Growth in the Cannabis industry

 

Research on marijuana shows that its market has continued to grow rapidly over the years. In 2017 alone, marijuana sales hit a hooping $9.7 billion in sales only across the United States. This was a 33% increase from the predicted sales in the previous year. These statistics are expected to remain on the rise with analysts foretelling a market worth of close to $25 million in sales by the year 2021. Despite the federal prohibition in states across the world, Cannabis industry at CannabisFN has been an employment industry for quite a small percentage across the world.

 

Some states have accepted and legalized the use of marijuana for medicinal and recreational purposes. During Obama's administration, the business was at great risk because of the interference of the federal government on the legalization of marijuana. Though laws legalizing marijuana were already in place in many states, there was fear of the extent of force the federal government was going to use on those in the business. Powerful individuals, however, criticized the legalization. Visit website here!

 

Despite all the uncertainty, some of the people in that business were determined to stay in business. Today the marijuana industry has employed more than 120,000 people. These are the people who take direct care of the herb up to the last bunch that is involved in sales. This number is greater than that of those employed in the coal mines in the United States.

 

There is, however, some hope in the industry after the current administration stated that it would respect the states move to legalize the use of marijuana. Though there is great uncertainty, many are optimistic about a positive node for the Cannabis industry. Plans are underway for the state of Canada making marijuana legal for both recreational and medicinal purposes. The wave has now spread to the Eastern states of the United States. Recent research shows that the population of America that supports legalization of marijuana has doubled compared to those who gave it the node in 2000. Sixty percent of Americans advocate for the legalization of marijuana. This, however, does not mean it all well marijuana. Research centers and institutions continue to publish content and information that does not spell well for the marijuana industry. Recent content links some of the violent and aggressive behavior in youths to use of marijuana. This may influence to some extent the stand of the federal government on legalizing marijuana. Today therefore easier than before to start a cannabis growing business in regions or states where its use is legal. Visit this website at http://edition.cnn.com/specials/health/medical-marijuana/index.html and know more about cannabis.