The idea of legalization of medical marijuana has been thrown around for quite a few years now. Medical studies have shown many benefits to a variety of medical conditions when cannabis is used. Some states have even recently successfully passed the legalization of medical marijuana. Many more states are pushing for legalization. A large percentage of the country believes that one day in the near future, cannabis will be legal in the entire country. When that time comes, cannabis investment opportunities will produce a lot of income. Now is the time to prepare with a cannabis investment advisor to ensure that you get in on the high profitable times.
Medical marijuana is already legal in many states.
Many of the countries states have already passed the legalization of medical marijuana for medical use. In fact, twenty three states and the District of Columbia currently allow medical marijuana, according to the National Conference of State Legislatures (NCSL). In these states, obtaining a medical marijuana license is simple. The individual simply has to prove to their physician a need. The physician then provides them with a prescription for medical marijuana.
The individual then needs to find a medical cannabis supplier. The suppler needs to be fully licensed and have approval with the state. The limitation on who can sell medical marijuana makes it a great business to profit from. The cannabis business development market is not currently over saturated, leaving many the opportunity to make good money.
More states are expected to pass the legalization.
Although all of the states in the country do not find it legal to use medical marijuana, more and more states are pushing for it. Many more states even included it on their election ballots this year, with a few more states pushing through to legalization. A cannabis investment advisor can assist with determining which states are expected to legalize medical marijuana over the next year or two.
Medical marijuana helps a variety of medical conditions.
The list of medical conditions that are benefited from medical marijuana continues to grow with new research. Currently it is used for the treatment of glaucoma, anxiety, post traumatic stress disorder, and a variety of other medical conditions. The popularity of medical issues also seems to vary based on state. In New Mexico, for example, the number of diagnosis for a medical marijuana license, a noteworthy 27% of the total, lists PTSD as the qualifying criteria for issuance.
People are going to use marijuana anyway.
Many states are pushing for the legalization of medical marijuana because it will reduce the number of people using it illegally. Marijuana seems to be similar to the prohibition movement. Government officials attempted to ban any alcohol usage. This simply led to an increase in illegal alcohol use. A state that legalizes medical marijuana can decrease the amount of illegal use charges they file and the tax costs of imprisonment.
Legalization can result in an increase in government funding.
As each new state passes legalization, more money is made. The government can begin taxing the sales of medical marijuana. A cannabis investment advisor will recommend paying any amount of taxes, because the profits will still be high. Turning in a cannabis business license application before the legalization in all states is ideal and will likely be the most profitable. According to The ArcView Group, a research company focused on cannabis industry investment, the U.S. market grew 74% in 2014, up from the prior year of $1.5 billion.
If you are wondering how to invest in the cannabis industry, it can be helpful to consult with a cannabis investment advisor. The cannabis investment advisor can be helpful in filling out and submitting the application to become a legal medical marijuana seller. Although some of the U.S. states are still pushing for the legalization of marijuana, the best time to apply is now. Eventually the market will be flooded and new licenses may be limited. Getting in now ensures early entry into the cannabis market and guarantees a place in the market when the business grows drastically.