With the North American cannabis market boasting an estimated worth of $7.2 billion in 2016, and new reports projecting CAGR of between 17 percent and 25 percent within the next few years, it’s certainly an exciting time to invest in the marijuana market. Investment opportunities are abundant and diverse with companies like SinglePoint, Inc. (SING) (SING Profile), Innovative Industrial Properties Inc. (IIPR), Insys Therapeutics Inc. (INSY), MassRoots Inc. (MSRT) and Axim Biotechnologies Inc. (AXIM).
The marijuana market is on fire for more reasons than one. First, there’s the huge potential for financial growth. A recent report from New Frontier Data estimates that medical marijuana sales in the United States will increase to $13.3 billion in 2020, and adult recreational marijuana sales are projected to grow to $11.2 billion by the same year. Then, there is the potential for massive job-creation. The same New Frontier Data report estimates that over a quarter of a million jobs will be created within…
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