Cannabis: A blooming interest from investors
Interest in cannabis-related business opportunities continues to grow. As the number of US states that have passed legislation to make cannabis use legal has risen (from two in 2012 to 15 plus Washington, D.C., today), sales are likewise expected to continue increasing. Global sales of cannabis products are projected to hit more than $55 billion, according to research cited by Reuters, and investment by venture capitalists is rising again. Such investment hit a high point about two years ago, then fell during the harshest part of the COVID-19 pandemic.