2020 Will Be The High Point For Cannabis
By: Orgharvest Cannabis
Tags: Crowdfunding, Cannabis, Investing, Weed, Investors

We’re looking forward to this joint effort.

The explosive growth won’t be ignored

Investors showered the North American cannabis industry with $10 billion in 2018, and 2019 has already been a stellar year. It’s easy to understand why: five times more Americans are employed in cannabis than coal and the industry outperforms the GDP of 9 US states. Marijuana has pushed itself to the forefront of our culture, Hollywood, and even inside the walls of Congress. 2020 presidential election candidates have been forced to take a stand on marijuana because it’s such a hot button issue.

American states spend $3.6 billion annually, enforcing marijuana laws. This money would have a substantial impact directed towards improving communities, like in Pueblo County, Colorado. This county has fewer than 200,000 residents and made $35 million from legal cannabis in 2016. In 2014, Colorado was the first state to legalize recreational cannabis; since, they’ve enjoyed over one billion dollars in tax revenue. This “booming market” is integral in moving positive government initiatives forward.

Give the people what they want

Legalization is perceived as imminent because demographically, 86% of Americans support it for medical reasons. In fact, medicinal users purchase more because their usage is higher than recreational users. Considering legal-marijuana sales alone surpassed organic veggies and Oreos, it seems like an obvious choice moving forward.

People are consumers; they drive trends and they’ve determined the next phase of cannabis. In 2019, weed weddings have become normal, which isn’t surprising, when more than half of cannabis users consume it at least once a week. Consumers who enjoy alcohol seem to prefer cannabis over drinking and even though the market is huge, cannabis is still very much a sleeping giant. Currently, 85% of legal cannabis is used for pain management and there are plenty of opportunities available in data — Wall Street predicts an $80 billion market by 2030. Based on that figure, it’s easy to imagine why so many other countries have jumped in on the action.

Jobs, jobs, get that cash

The marijuana industry is benefiting Americans. Regulated dispensaries earn revenue of $3 million on average. The wages in the industry are 10.7% higher than the median US salary, it’s more inclusive with female executives employed at an industry rate of 36% and there was a 76% increase in jobs in 2019. This new industry has created many opportunities for people to be creative, find employment after incarceration, and explore a new lucrative market. Passions for wine are being paired with weed for experiential tours in Napa Valley. Indoor smoking is now available in West Hollywood; cannabis is the next booming investment.

It’s exciting to imagine what’s next for such a fast-paced industry, with 283,422 jobs projected for 2020, in an industry worth more than $45 billion annually. 2019 expects to see a 34% rise in full-time cannabis workers. With the likelihood of a recession heavily looming, cannabis is a robust opportunity to weather the storm. American executives are even recommending the UK engage the expertise of drug dealers in the legal trade. 4/20 in 2020 will take on a whole new meaning!

Curious about investing in cannabis?