When reading about the animal care and pharma sectors, the forward thinking entrepreneurial Retail Investor sees the overlap between the two and just might ponder the possibility of livestock one day treated with cannabis derived medication instead of antibiotics.
Is investing within the animal care and pharma sectors ideal for the entrepreneurial and visionary Retail Investor? You decide.
JOBS AND TAXES
Projections to 2020 predict that there will be more than 250,0000 jobs in the legal cannabis industry in the United States - more than are projected for transportation, agriculture, utilities, or the federal government. Those statistics are based only on the states where marijuana is already legal meaning as more states legalize marijuana (or expand where legal now) the projected job creation numbers should be revised upwards. Furthermore, The U.S. marijuana industry is expected to be worth more than $24 billion by 2025 compared to 2016’s estimated value of approximately $7.2 billion. www.ca.complex.com For much needed tax revenues, recent projections are that before long more than $2.3 Billion in tax revenues will be generated in those states (only) where cannabis is legal now. In other words, a likely understated amount. www.finance.yahoo.com A March 2017 article in Forbes projected that the CBD market alone in the USA will grow 700% by 2020. www.forbes.com. Another March article references Bloomberg Intelligence analyst Kenneth Shea who forecasts “US sales of legal pot are predicted to reach $11.6 billion, beating ready-to-eat breakfast cereal sales, which are projected to hit $9.3 billion.” www.businessinsider.com
Retail Investor's Perspective
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