Medical Cannabis is one of the Most Promising Industries
It seems like a dream to some: medical cannabis finally gaining momentum across the United States. While we do not quite live in the ideal setting where medical cannabis is fully permitted throughout the entire country, progress has certainly been made over the last decade.
Today, more people than ever before are taking medical cannabis seriously. Startups and firms all across the country are scrambling to capitalize on what could prove to be a major economical boom throughout the entire industry. In fact, the medical marijuana space is expanding even faster than the dot-com era of the late 1990s.
So, what’s in store for the future? Let’s take a brief look.
Billions – with a ‘B’
Coincidentally, there is plenty of green (cash) to be found within this green (medical cannabis) industry. The projected market value of the space is expected to soar past $21 billion by the year 2021.
With so much potential, it’s no surprise that people are flooding into the market, vying for any opportunity they can in order to exponentially increase their investment. But, what makes today different then ten years ago? Simple: more than half of the US states have currently legalized medical marijuana as a form of treatment.
Now that it is clear the country’s state governments are beginning to wake up and recognize cannabis as a treatment option, the time has come for business professionals and entrepreneurs alike to venture into uncharted waters.
Due to the unprecedented growth the cannabis industry has experienced, there is no template for business operations, logistics, or processes; people are learning as they go. However, there are still many obstacles that must be overcome, such as abiding by convoluted state regulations.
Due to the shadow of uncertainty that enshrouds the operational aspect of the medical cannabis industry, many people are reluctant to invest in firms and startups, and even less are willing to try and find success themselves.
As time goes on, we will witness the future standard for the medical cannabis industry molded right before our eyes, paving the way for others to enter the space.
Increased Quality of Life
As more money, effort, and time are put into the medical cannabis industry, more medical breakthroughs will occur. As research continues, medical professionals will be able to provide patients with better, more effective methods of treatment.
The United States is currently experiencing widespread addiction to opioids, which has resulted in many people who are prescribed painkillers abusing them, particularly NFL players, who are banned by the league from using medical marijuana. With medical marijuana as a viable alternative, those who are currently prescribed expensive opioids will be able to alleviate their symptoms with a more curative alternative.
The medical cannabis industry has a level of potential that rivals that of the Internet when it was first introduced. One thing is for certain: the future of medical cannabis is bright; it’s just a matter of getting to it.
The medical cannabis industry is quickly becoming a solid investment. Furthermore, investing in the space helps advance medical technologies that could benefit countless patients. To learn more about the services First Harvest Financial offers, visit http://www.firstharvestfinancial.com