The marijuana industry has become literally unstoppable in the recent times. It would not be hard to understand. Recently, Canada has become the initial industrialized nation in the world to legalize recreational marijuana. With the sales soaring high, several investors have positioned themselves in marijuana stocks.
They have been looking forward to taking benefits of the growth. Those who had the opportunity to invest in marijuana stocks in the early part of 2016 and hang on until now, they would probably have witnessed high three and four digit percentage returns.
The gains are not over yet, as marijuana stocks would be the takeover market. It would be a speculative exercise with an understanding that investing in Marijuana stocks that takeover market may not be a sound investment.
How much could Marijuana raise in 2018
Marijuana fundraising has been approximately triple during the first half of this year as compared to the last year. The major reason has been marijuana stocks being increased in the US and Canadian exchanges.
It would not be wrong to suggest that marijuana businesses have been known to raise approximately 4.3 billion USD by the end of June month. The industry has been on its way to bring in 8 billion USD by the end of the year 2018. It has been a significant rise as compared to the 3.5 billion USD from the year 2017.
Marijuana stocks making money
Out of the 4.3 billion USD raised during the initial half of this year, several companies with marijuana stocks looking forward to trading publicly have raised approximately 3.29 billion USD. However, it would be pertinent to mention here that privately held Cannabis companies have been known to raise around 1.04 billion USD.
The private and public companies have been known to raise a combined total of nearly 3.18 billion USD in equity and approximately 1.15 billion in debt.
On the whole, cultivation and retail outfits have taken the charge and accumulated more than 2.5 billion USD. Among the several notable recent fundraising efforts made, it has been believed that marijuana would be raising around 119 million USD. It would not be wrong to suggest that the amount has been the largest in the cannabis industry.
It would be pertinent to mention here that legal recreation sale of Marijuana begins in October. Several marijuana companies in the Canadian region have consolidated and tried their best efforts for bringing in more shareholders.