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Monday, July 08, 2019 6:59:11 PM
The big money is coming. "Big institutional investors are getting increasingly high on the growth potential for products derived from the cannabis plant...Bank of Montreal, in a decidedly bullish forecast, says the market could be as a large as $194 billion worldwide by 2025, should the U.S. federal government legalize cannabis, Business Insider reports."
"What's striking is how rapidly cannabis investments are being embraced by Wall Street and other areas. In a poll of 120 senior executives at leading private equity, venture capital (VC), hedge fund, and other institutional investment organizations, almost 33% said that the cannabis industry has the greatest growth potential this year, a close second behind technology, according to accounting firm EisnerAmper, which did the survey. The most bullish were hedge funds, with 37% putting cannabis in first place, per BI."
https://www.investopedia.com/why-big-investors-eying-usd194-billion-market-are-high-on-cannabis-4692135
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