Reasons Cannabis Investors Should Consider Getting in Early on This Burgeoning Market
Much like cryptocurrency, the cannabis industry is a relatively new yet exciting opportunity for savvy investors. Although the cannabis industry was heavily stigmatized due to cultural reasons along with the several red flags surrounding its legality and proclivity towards misuse, times have definitely changed. Cannabis is no longer the wild, wild west. With the government regulations that have been put into place (both on a state and federal level) along with the billions of dollars invested globally into research and development, cannabis as an industry has grown by leaps and bounds and is now a viable investment opportunity.
However, because the cannabis industry is still evolving right before our eyes, there’s naturally a fair amount of a “wait and see” attitude towards it when it comes to cannabis investments. It’s actually quite similar to what we’ve seen with cryptocurrency. Since people don’t fully understand it or what it may potentially land, it seems risky to pour money into it at this early stage. So, let’s clear the air on a few key issues.
What is the Cannabis Industry?
The big difference between the cannabis industry and something like crypto is that cannabis has a tangible value to it. The cannabis industry is essentially defined by two markets: the medical market and the recreational market, both of which are quite sizable.
Recreational cannabis is defined as cannabis products containing the chemical Tetrahydrocannabinol (THC) and is used for non-medical purposes. It can be used in products such as food, beverages, vaping devices, and so forth. The states where recreational cannabis is legal include Colorado, Washington, Alaska, Oregon, Washington, D.C., California, Maine, Massachusetts, Nevada, Michigan, Vermont, Illinois, Arizona, Montana, New Jersey, New York, Virginia, New Mexico, and Connecticut.
Medical use marijuana is used to treat illnesses and chronic conditions that cause pain, anguish, or anxiety. It’s widely considered one of the leading holistic methods of treatment and it’s far less addictive than opioids. It can be used to help treat numerous conditions, including Alzheimer’s disease, cancer, Crohn’s disease, HIV/AIDS, MS, eating disorders, epilepsy, glaucoma, mental health conditions, and much more. Although research is still being gathered on the exact benefits of medical marijuana, the initial findings are incredibly promising, which makes it one of the better cannabis investments. Currently, 36 states allow growing cannabis for medical purposes, and that number is projected to continue upwards as favorable legislation is passed.
Additionally, the CBD market (an offshoot of the medical market) is also taking off, which is an isolated cannabinoid of cannabis that can be used to treat sleep disorders, anxiety, PTSD, and other conditions. CBD contains no THC, which means that it is one of the safest and most widely accepted by-products of cannabis. Savvy cannabis investors are seeing the true value of CBD now that business is booming.
Key Takeaways of the Cannabis Industry
There’s huge demand in all corners of the cannabis industry. While some are putting their money into specific businesses (such as dispensaries), others are investing capital into growing cannabis so they can be a source of product. Additionally, since cannabis is still in its infancy as far as an industry is concerned, there’s a lot of opportunity in the R&D side of things. Standardizing purity and potency are still a work in progress that will take more scientific study.
When researching cannabis investments, it’s helpful to devote yourself to the market that most aligns with your values and interests. Equally important is being mindful of the legal state of cannabis in the area you’ll potentially invest in. Recreational and medical use marijuana can both be affected by opposing legislation, so choose your area carefully. The same goes for farms being used for growing cannabis.
Working with Elite Robotics
Elite Robotics aims to make a meaningful impact in the cannabis industry through solutions-based technology that simplifies the manufacturing process for cultivators and farmers. As previously mentioned, the cannabis industry is still perfecting and standardizing its processes and products. The goal is to one day make it as efficient and regimented as the pharmaceutical industry. We also want to help streamline the manufacturing process as much as possible.
Elite Robotics carries two products as part of the Cannabot line that are specifically made for those working in the cannabis industry.
The Disposable is a patent-pending sealed chamber in which samples can be securely stored in order to preserve chain of custody of the product. This product allows for samples to be taken from the field and secured until they can be properly analyzed.
The Analyzer breaks down and tests samples from the Disposable, ensuring purity and potency in both CBD and THC products so that you can remain compliant with state and local regulations. It will also identify strain and any potential contaminants that may be present.
Elite Robotics is happy to speak with cannabis investors who are looking to get in on the ground floor of this technological breakthrough. We can be contacted at (805) 987-6217 or you can send us a message directly using our Contact form.