Medical Cannabis's Long-Term Potential Is Being Overlooked By Most Investors [Yahoo! Finance News]
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Source: Yahoo! Finance News
Medical Cannabis's Long-Term Potential Is Being Overlooked By Most Investors By Hershel Gerson, CEO of ELLO Capital. Cannabis is really two markets: one focused on medical use and one focused on adult use. There’s plenty of overlap. In states where cannabis is legal for both uses, dispensaries make little distinction in their display counters. Investors, however, are showing a distinct preference for companies focused on the adult-use market over medical. From 2017 through mid-May this year, investors poured $1.8 billion into adult-use focused companies according to data in the MGO | ELLO Cannabis Private Investment Review By some measures, this gap isn’t surprising. The market for adult-use cannabis is sizeable and growing: Americans will spend about $12.5 billion Increasing recognition of the potential within the adult-use market is accelerating investor activity in the sector. In the first four-plus months of 2019, private equity and venture capital investment in adult-use cannabis
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