This post is part of a series sponsored by Amwins Specialty, NutraRisk.
More Americans are showing increasing interest in adding cannabis stocks to their investment mix. In fact, of the investors surveyed by gobanking ratesOf the nearly 1 in 10 investors who said they were willing to put their money into cannabis stocks, 10% have already done so. However, most experts agree that for Americans to be truly comfortable diversifying their financial portfolios by investing in the cannabis industry, cannabis use must first be legal at the federal level. According to a GOBankingRates survey, nearly one-third of respondents said they would start investing in cannabis if marijuana were legalized at the federal level.
Today, the US Senate is on the verge of legalizing cannabis at the federal level. However, when this will happen is anyone’s guess, as legislative bodies are heavily divided. Currently, 35 states have already legalized medicinal cannabis, of which 15 are legalizing recreational use. Hopefully full legalization will be the next big step.
What else needs to be done to increase investor confidence?
Despite the federal legalization impasse, there is movement in the industry that appears to be fast-tracking cannabis in creating investment opportunities for those seeking diversity. The following are three potential changes that experts believe could help accelerate investor interest and ease concerns about the future of legalization, which should make people more aware of adding cannabis to their portfolios. You can also feel comfortable.
- For more states to pass laws supporting medical and recreational cannabis, further expanding the market.
- To get the green light for companies that produce CBD to label and sell their products as dietary supplements, creating more growth opportunities.
- For financial institutions to open their doors to the cannabis industry, providing businesses with secure and reliable banking opportunities.
While the industry is seeing changes in federal law as a catalyst to make investing in cannabis more attractive, GOBankingRates found that 1 in 5 Americans said they would only consider investing in cannabis stocks if their The financial advisor recommended it, and 16% said they could start investing if more cannabis companies went public. Among investors, 1 in 5 said they would be willing to make an initial investment of only less than $100, with 16% saying they would invest between $100 and $499.
Today, all indicators point to the fact that while some investors are ready to seriously consider cannabis stocks, others are skeptical. One thing we do know is that as cannabis legalization expands, we will see more emerging investment opportunities in the cannabis industry.
If you are a retail agent or broker with clients in the cannabis, cannabis or nutraceutical industry, it is important to work with a wholesaler who is an expert in this area. At NutraRisk, we specialize in the cannabis industry, with access to liability insurance programs that serve a wide range of business types and target markets. To learn more about our cannabis and nutraceutical markets and programs, contact Norman Ives email@example.com or 206-538-5290.
Disclaimer: This article is not intended to provide investment advice. Please consult your financial advisor when considering investment matters.
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