Day: August 4, 2017

How to Legally Invest in Marijuana Companies

Paul

It is no secret that marijuana is a big industry and there is lots of money to be made. Current marijuana sales are estimated to be in the region of $50 Billion when black market sales are included. This is quite a large figure, and given that the vast majority of this number is generated by black market sales, the majority of the $50 Billion is soon going to be transferred to legitimate businesses. Because the black market is not going to be sustainable in states where medical and recreational…

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Marijuana’s Legalization Fuels Black Market in Other States

Paul

It stands to reason that marijuana legalization in one state will lead to an increase in black market sales in another. Estimates of current marijuana sales are in the region of $50 billion, with a large amount of this figure being taken up by black market sales. With the increase of legalization will come a decrease in the number of black market sales. There will no longer be any profit and there will be no consumers, especially in states where people can grow their own marijuana. There are currently 8…

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