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Cannabis Vs Bitcoin – An Ideal Idea?

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When Bitcoin, a form of digital currency hit the market in the recent years, many people saw it as a unique business opportunity and everyone was raving on the new encrypted currency to make a fortune. Bitcoin was expected to a great extent to change the whole banking sector in the US and beyond but it didn’t. However, it created business opportunities for several companies including the multinational corporations that invested in the Bitcoin. Similarly, the Cannabis industry has been growing rapidly and as usual, many people have jumped into it to get a chance.

Though the Bitcoin didn’t turn out as expected many people who invested in it earlier made a lot of money. With the ongoing states’ legalization of the cannabis and increasing awareness about its medical benefits, it’s still hard to predict if the Cannabis is the best industry for investors. Many companies including the Tuatara Capital, Seventh Point, Privateer Holdings, and Poseidon Asset Management have poured millions of Dollars into the Cannabis industry.

Both the experienced and new investors are looking for opportunities into the cannabis industry. However, it’s essential to understand the industry first in terms of the forces, attractiveness, and success factors that shape the industry. Marijuana could be trending at the moment and its stocks are performing well on the market but cannabis is still categorized as a Schedule I Drug which poses some risks and uncertainties for the future of the industry.

However, with the increased sales volumes which are expected to reach $22 billion by 2020, it seems it’s unstoppable. At the moment, over 28 states have already legalized medical cannabis with eight states having full legalization for both medical and recreational purposes. In addition, Canada will be fully legalized within a year and a few other companies including Germany, Brazil, Mexico, Australia and more are planning to explore cannabis for medical and recreational use.

Cannabis businesses have a long way to go. The industry has to overcome several bans such as the referendums, state laws, and court cases before it enjoys the relative safety.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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