The Marijuana Industry: Where Do We Go From Here?
The velocity and breadth of growth in the marijuana industry will, for the most part, be determined by the pace of state and, eventually, national legalization.
Eventual rescheduling or de-listing of marijuana as a federally prohibited drug will hopefully lead to consistent and uniform national regulation and taxing authorizations that will ultimately change the structural and economic landscape of the Cannabis Industry.
A statistical analysis of current sales trends is a useful tool to understand a newly liberated consumer base and allows us to make certain reasonable projections for subsequent growth rates. But such analysis, in a holistic sense, is somewhat contingent upon the direction of future political and legal reforms.
Though it is hardly possible to predict a specific timetable for the full legalization of marijuana and its resultant market maturity, investors and operators should follow certain present, medium, and long term trends as they make investment decisions.
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