Its so obvious that Marijuana could become a huge business for the governments once its been legalized, and also slaughter down the drug dealing crime. Many states already took an advantage of this and semi-legalized it as a recreational marijuana, and more of them follow. There’s also been a big buzz about Marijuana Stock Market, and could become the single best stock investment for the next decade or more.
I personally think that this plant is the one big fix for many crisis solutions, helping in the economy growth. The plant is so quickly and easy to grow and can be used in Pharmaceutical and Healthcare Industry to cure many diseases, mental health such as depression, oil can be extracted from the seeds, it could be used as biomass fuel, which is more than 20 times more effective than growing the trees or digging the coal, its having a huge success in building industry as perfect building material and much more, this is just scratching the surface.
Here is an interesting article from 2014 that has been curated from yahoo finance, where anyone can learn how profitable it would be for any state, not just in US but also in Europe, to broadly legalize Marijuana and put the tax on it.
Marijuana and Stocks
Call it a drug trade for investors. Todd Harrison, CEO and founder of Internet-based financial media company MInyanville, thinks cannabis “will be the single best investment idea for the next ten years.”
But while the public has watched recreational marijuana take off in Colorado this year, how can they profit from it as an investment theme?
Harrison believes it will be driven by the broader legalization of marijuana, inspired by states’ need for tax revenue. He points to expectations that legal marijuana use is expected to generate $134 million in tax revenue for the upcoming fiscal year in Colorado, the first state to allow recreational marijuana. That’s nothing to sneeze at, and Harrison calls the state the “litmus test” for broader legalization. Harrison also cites the expected decline in crime rates and prison populations as powerful incentives to decriminalize marijuana.
The New York Times reports that half the states in the U.S., including some in the conservative South, are currently considering decriminalization of the drug or legalizing it for medical or recreational use. Oregon and Alaska are the likeliest to legalize pot next year. Twenty states now permit the use of medical marijuana now, while Colorado and Washington have legalized it for recreational use.
The legal marijuana market is estimated to grow 64% to $2.34 billion in 2014 from $1.44 billion,according to a recent report by the cannabis investment and research firm Arcview Group.
Wall Street currently doesn’t cover the marijuana market as an industry but once legalization is more widespread, that will be the inflection point when we marijuana investing moves mainstream, says Harrison.
But there are some “real” companies generating interest. Harrison cites the cannabinoid prescription medicine company GW Pharmaceuticals (GWPH) as an example. He’s not suggesting the stock as a buy or sell, just as an example he’s traded in the past. The stock has rallied more than 500% since last summer.
Marijuana is not anymore just about getting stoned and as a bridge to the heavy drugs. Its much bigger than that and people are starting realizing that, which governments should do as well. So lets pull the strings together and make this happen in Europe as well.