The Future of Cannabis Investing

Source: Tom Beck for Streetwise Reports  (2/3/17) The cannabis industry attained new highs in 2016, paving the way for some big changes this year, says Tom Beck, senior editor of Portfolio Wealth Global. New Frontier Data Four states in the U.S. voted in favor of legalization on November 8th of 2016, and it was expected that the cannabis market would rake in over $6.7 billion from the U.S. alone in 2016. It only gets better from here. For starters, sales of cannabis are set to rise to $22.8 billion in the U.S. by 2020. The graph above captures the rollicking growth rate of the market. Portfolio Wealth Global sees this as a dam bursting, but the magnitude of the moment is understated—that’s because even top hedge fund managers still don’t have a handle on whom the top dogs are, and that’s exactly the opportunity we see in building strong relationships with … Continue reading