The transactions of the marijuana industry continue to be based on cash as federal regulation refuses banks from accepting state-legislated cannabis money. Take a classic marijuana dispensary who is forced to do all of their business in cash. Once they receive all that money, how do they pay their employees, keep their profits safe, and use money to pay anything from rent, to a … [Read more...] about This Is Why Banks Can’t Touch Legally Sold Marijuana Money
Market Analysis: All indices, with the exception of the Eastern Index, finished August below their previous month’s average. The Eastern Index tied its year-high price at $360 per ounce and finished above the Southern Index for just the third time in 2017. The US Price Index experienced the biggest drop this month, falling $9 from its July average. Current US Price Index: … [Read more...] about Pot Prices: August 2017
This year, the cannabis industry is supposed to grow exponentially, and only increase as the years go on. It is noted that several investors have already raked in over 2,000% on some fresh IPO’s and smart picks. As legalization hits more states, the market is only expected to get bigger. Here are a few reasons why investing in marijuana stocks is the smartest thing you can … [Read more...] about How To Invest In Marijuana Stocks Wisely
Aside from the smokeable product we all know and love, the hemp plant has many promising opportunities in its future which are bringing in lots of new investors into the market. Many mistake help for cannabis, and though it comes from the same plant it is undoubtedly a different product. Marijuana is grown to have THC (the main psychoactive component) at extremely high … [Read more...] about Will Hemp Become a Billion Dollar Industry?
When it comes to investing in marijuana (specifically medical marijuana) there are many reasons why it’s a smart move. Because of the new nature of the market, the potential for gain remains incredibly high as predictions for future charts project upwards of $5 billion in growth in the next decade. The time to get in is now. There are currently 29 states including but not … [Read more...] about Why Should You Invest in Marijuana Stocks ?