Study Finds Most Investors Comfortable With Businesses That 'Touch' Marijuana
Investors interested in getting into the cannabis market have become more comfortable with the idea of putting their money into businesses that “touch” marijuana, a new study has found.
The 2016 Cannabis Investment Study, conducted by New Frontier Data and Arcview Market Research, found that 68 percent of investors have become interested in investing either in companies that directly grow and sell marijuana or ancillary businesses that do not directly deal with cannabis.
The former is considered businesses that “touch marijuana,” while the latter does not.
“It is notable to see investors’ appetite is now broadening beyond just ancillary services where there has been less stigma and risk attached in the past,” New Frontier Data CEO Gladha DeCarcer said in a statement.
“With the cannabis industry forecasted to grow at a compounded annual rate of 29 percent over the next four years, making it one...
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