Investment Experts Maintain Very Good Forecasts for Medical MMJ Investing
Pandemic has pushed the economy to its limits and after two years keeps doing it. Every economic sector has been affected by the coronavirus and investors keep turning anxious. However the activity of the MMJ sector has shown a bit of a difference, we are talking about a sector related to medicine and wellness so the market dynamic may be gentle to it. Coming country legalizations bode well for investing in MMJ.
The recent market has been characterized by inflation due to new covid variation and panic has reigned in the environment of stock markets. Cannabis industry has admitted that the global economic crisis is real and sadly they have lived the consequences, lockdowns affected their supply chain and has slowed down its growing process. Anyways, the cannabis industry focuses on becoming a global leader in health treatments, and the outlook on cannabis investing keeps being positive and encouraging.
Coming Country Legalizations of Medical Cannabis Usage
The legality of cannabis for medical and recreational use depends on the country, in terms of its possession, distribution, and cultivation. Regarding medical use, the legality status varied by the way it can be consumed and the medical conditions of use.
The recreational use of cannabis is prohibited and penalized in most countries. However, the legalization trend has now come to stay, leaving the old and failed prohibitionist model behind. Canada, Georgia, South Africa, and Uruguay and some states in the USA are the most popular cases of cannabis legalization for recreational use. This recent event has revolutionized and favored the cannabis industry.
America is a good reference for legalization, industry growth and cannabis investing. President Biden has driven the decriminalization and eventual legalization of cannabis. More than half of Americans believe marijuana use should be legalized for medical and recreational purposes. The drug is already legal in 35 states, 16 of which allow adults to legally use it for recreational purposes. Cannabis industry is expecting marijuana to be federally legalized in the United States at the end of 2022 or early stages of 2023.
The old continent is not lagging behind. It seems Germany is about to introduce legalization on the recreational use of cannabis. Forming a three-party coalition will allow Germany to become the first country in Europe to join to the legalization trend and introduce the cannabis investing market on a large scale.
The world is changing in the face of cannabis, it is legalizing its consumption, regulating its production and promoting its export. One of the major factors promoting the cannabis industry and the market growth is the increasing demand for legal marijuana. Due to the recent legalizations in different countries, the use of medical marijuana is gaining worldwide momentum.
The increasing legalization of cannabis is a popular global trend getting bigger and reaching more and more countries. Marijuana is gaining important attention from investors, manufacturers, and researchers. Therefore, the rising popularity of cannabidiol oil for therapeutic needs and a growing consumer preference for innovative recreational cannabis products have boosted the cannabis industry's growth. And that tendency may continue to rise. The first week of December, The U.S. Department of Agriculture (USDA) announced new ways to improve insurance policies for companies in the cannabis industry.
No matter the inflation worries, the outlook in cannabis investing is still hopeful for investors, the industry possesses strong fundamentals to keep pushing its consolidation and capitalize on industry trends. Hemp industry experts expect that the sector will deliver solid returns in the upcoming months. The global cannabis market is projected to grow from $28.266 billion in 2021 to $197.74 billion in 2028 at a CAGR of 32.04% in forecast period, 2021-2028, according to a study published by Fortune Business Insight.
How to invest in the cannabis industry
JuicyFields is one of those companies showing crowdgrowing as an innovative way to introduce investors to the medical cannabis industry. This company wants to create a global brand for the production of medical cannabis. They are seeking people that want to earn money by helping small businesses in this legal industry expand and improve.
As we can see, the cannabis industry is facing challenges, inflation and panic slowed down its growing process; like other economic sectors. However the investment experts maintain very good forecasts for medical cannabis investors due to the decriminalization and legalization trend worldwide.