Legalizing marijuana in Canada could be an investment opportunity. Federal law prohibits the possession or sale of marijuana, but until now, 18 states, plus Washington DC, have legalized the use for people suffering from chronic diseases such as HIV / AIDS, cancer, multiple sclerosis or epilepsy. In Washington and Colorado, in addition, is it also allowed for recreational use.
These changes have given birth to a small medicinal marijuana industry, but it is in rapid growth. In 2011, for example, the market was valued at $ 1.7 billion. Only in Colorado cannabis sales have reached 181 million in 2010, while the number of industrial employees amounted to 4,200.
Outside of the profits of the ones who plant and sell marijuana, the industry increases other areas, such as the insurance or agricultural equipment. For investors who want to grow and sell cannabis, there is the possibility of investments in companies listed on the exchange, dealing with additional services trade.
Investments in marijuana are not, however, without risk, is still illegal according to federal law. Last year, 500 of the 3,000 dispensaries legal open, at least in terms of the law of that State, have been closed by the federal authorities.