More Americans than ever support the legalization of cannabis in some form. In fact, a November 2019 poll from Pew Research found that a whopping 91% of adults believe that marijuana should be legal for medical and recreational use. With widespread support comes widespread acceptability, and with acceptability comes the desire to cash in.
Private financing and investing advice firm The Motley Fool says that the size of the marijuana industry is expected to triple in the next five years, and seasoned and novice investors alike are taking notice. However, investing in the cannabis industry is not exactly the same as investing in more mainstream — read “federally legal” — industries, like financials or utilities.
Investing in cannabis holds some unique challenges,…
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