Earlier this summer, Oklahoma became the 30th U.S. state to allow the production and sale of cannabis in small amounts. The sale of marijuana in the U.S. just keeps going up and up. In 2017, it accounted for an estimated $6 billion in sales. Up next is Canada who in October will make legal marijuana throughout all of its provinces. Largely because of this, Matt Badiali, and editor for Banyan Hill Publishing.
Matt Badiali definitely knows his stuff when it comes to investing. He first entered adult life by earning a B.A. from Penn State University and then an M.A. in Geology from Florida Atlantic University. After his education Matt Badiali traveled all over the world, developing a passion for and great knowledge of investing in the process. By nature, he was a meticulous researcher and this made him the perfect investor. All of his investment suggestions are all backed with many hours of investigation of every aspect of a natural resource.
Matt Badiali says that he is not the only investment expert who predicts a huge lift in sales of marijuana. But Badiali also admits that the Canada marijuana market already has a goodly helping of frauds and scammers. But there are many very legit companies. Some of these companies are companies that were concentrated on gold mining at one time. They took on that concentration when gold mining was the hot investment item a while back. The biggest and most successful of these is Newstrike. They are so well known in Canada that one of the most popular bands in the country is supporting them.
Although the sale of marijuana is going on openly now in Canada, as mentioned it will not be completely legalized till later this year. Right now there are few sellers, therefore the prices are steeper, but after the full legalization, there will be a lot more competitors which Badiali predicts will mean decreased costs.
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