A business that grew by 1000%: how much can you earn from investing in legal marijuana.

wegrower alliance
2 min readMay 10, 2021

In 2018, US marijuana sales generated over $ 11 billion in marijuana sales to growers and resellers.
The growth potential is not limited to this: According to forecasts of Grand View Research, the international cannabis market — products from hemp plants and related production and technology diffusion — will reach $ 66 billion by 2025.

The cannabis market is not just marijuana known for its relaxing properties.
In addition to the psychoactive substance tetrahydrocannabinol (THC), which causes the “high,” cannabis plants contain over 100 other active ingredients. For example, hemp oil containing cannabidiol (CBD) has anti-inflammatory properties and is widely used as a dietary supplement in the United States. Hemp fiber can be used to make packaging materials — which is most relevant in the context of the movement to move away from plastic and move to renewable alternatives.

The booming cannabis market has also attracted the attention of technology companies and innovators. Today, dozens of startups are developing e-commerce platforms; vaporizers, and other devices for using cannabis; home appliances for analyzing the quality of marijuana, and much more.

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