Surveyed Americans are ready to invest in cannabis

Cultural attitudes towards cannabis and the industry are changing rapidly over the recent years. But does that mean Americans are readily investing in the cannabis industry?

But are Americans ready to seriously consider investing in the cannabis industry, which sells a product that’s still illegal at the federal level? Alongside all of the normal concerns that one should have about a nascent, unprofitable industry, the additional layer of uncertainty driven by marijuana’s murky legal status remains a primary issue. But then again, America has rarely found itself with a lack of speculators who are willing to look past those risks and chase what could be a unique opportunity for enormous growth.

https://finance.yahoo.com/news/survey-americans-ready-invest-cannabis-100000764.html

Here are some of the biggest takeaways from the survey:

  • Almost 1 in 10 Americans were already investing in cannabis stocks. 
  • Two-thirds of those surveyed thought marijuana should be legalized at the federal level. 
  • About one-third of survey respondents said they would start investing in cannabis if marijuana were legalized
  • Only 10% of Americans view pot stocks as a safe investment.

Read more here:

https://finance.yahoo.com/news/survey-americans-ready-invest-cannabis-100000764.html