FORT LAUDERDALE, Fla., July 25, 2017 /PRNewswire/ — The legal marijuana market was valued at $7.2 billion in 2016 and projections expect it to grow 17 percent annually, according to OnPointStockAlert.com. Medical marijuana sales are estimated to increase from $4.7 billion in 2016 to $13.3 billion in 2020. Recreational sales in states where it is legal for adults 21+ are estimated to grow from $2.6 billion last year to $11.2 billion by 2020.
With this kind of growth in a strongly developing industry, more jobs are expected to open to potentially lower the unemployment rate. Currently, 25 states have some form of legalized medical marijuana and seven states that have legalized recreational marijuana that are still in the works of working out the rules and regulations.
More and more marijuana warehouses and facilities are opening not only in North America but all around the globe. The potential for this industry is impressive. Mostly all marijuana stocks have seen a jump in price by more than 75% since the start of 2017.
About OnPointStockAlert.com
To learn more about the Marijuana Industry, visit OnPointStockAlert.com. Their free newsletter offers up-to-date announcements on not only cannabis stocks, but other booming industries and companies in the market.
Their free newsletter provides tremendous insight and breaking news going on throughout the world. Their team of qualified researchers spends hours and hours of research to find the next big announcement that could shift the markets.
Disclaimer:
We are engaged in the business of advertising and promoting companies. All content on our website is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Neither the owner of OnPointStockAlert.com nor any of its members, officers, directors, contractors or employees are licensed broker-dealers, account representatives, market makers, investment bankers, investment advisers, analysts or underwriters. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed on OnPointStockAlert.com. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed on this website unless you can afford to lose your entire investment. Also, investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. OnPointStockAlert.com makes no recommendation that the securities of the companies profiled or discussed on this website should be purchased, sold or held by viewers that learn of the profiled companies through our website.
credit:crossroadstoday.com