These Two Factors Will Be Key to a Thriving Legal Cannabis Market

One of the most exciting upcoming events for investors right now is still the eventual transition of illegal marijuana sales to a legal market. While some kind of legal marijuana is available to purchase right now throughout most of North America, the majority of cannabis sales are still taking place underground. In 2018, New Frontier Data projected that there was over $86 billion in cannabis sales in North America. Only $10.8 billion of that was legal, meaning more than $70 billion - or 81% - in sales was conducted in the black market. That's a lot left on the table that should be trickling into the legal market. That's why legalization is crucial for long-term cannabis investing. To make a dent in the illegal markets, you need two things. One is education. When more people learn about why it's better to turn to safe, regulated, and legal markets, you send cannabis consumers to legitimate dispensaries instead of dark alleys. And the second thing that will put billions of dollars into the pockets of legal businesses and push stock prices higher is what I want to talk to you about today... Full Story And the second thing that will put billions of dollars into the pockets of legal businesses and push stock prices higher is what I want to talk to you about today... Full Story Tags: Marijuana Industry To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post These Two Factors Will Be Key to a Thriving Legal Cannabis Market appeared first on Money Morning - We Make Investing Profitable .