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Just five years ago, few investors took cannabis stocks seriously. Today, as billions of dollars pour into the sector, few doubt that cannabis will be one of the next big disruptors. If you’re looking to invest in the cannabis boom, you can start here.
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In the last couple of years, governments the world over have become less stringent on the use and production of marijuana and hemp products, paving the way for an explosion of new businesses.
In 2020, New Zealanders will vote on a referendum regarding recreational cannabis. At the time of writing, the question Kiwis will have to answer is:
Do you support the proposed Cannabis Legalisation and Control Bill?
Yes, I support the proposed Cannabis Legalisation and Control Bill.
No, I do not support the proposed Cannabis Legalisation and Control Bill.
It is proposed that in the first half of 2020, a second draft will be released that holds more detail. This is the version New Zealanders will vote on.
A year after Canada became the second country to legalise recreational marijuana in 2018, the legal cannabis sector was estimated to be worth $150 billion, according to Euromonitor International. Between then and 2025, they predict the sector will grow by 2,000% globally.
There’s more than one way to invest in cannabis.
While smoking weed is perhaps the most well-known use of cannabis, there are many types of businesses that are set to benefit from the growing sector. In other countries, legalisation of many of these products is still new and in some cases, still underway. These include the following:
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