Marijuana – the new dot-com bubble?

by  |  published on January 27, 2014

Legalization of marijuana for recreational and medical use in 20 US states has seen a boom in cannabis-oriented businesses. Experts say the market can jump to $10.2 billion by 2018, warning of a possible repetition of the dotcom bubble of the late 1990s.

The legal pot industry in the US might be making its first steps, but anyone trying to capitalize on its growth may find the “virgin” market overheating.

Gone are the days when a few entrepreneurs were helping pot legalization enthusiasts raise money for their projects. The marijuana market is now swarming with investors ready to risk money buying into cannabis industry companies.

It is already developing its own advertisement, insurance, logistics and security services. After Colorado marijuana shops got $1 million on the first day of legal sales, the question of profitability appears to be settled.

The legal marijuana market is expected to grow from $1.4 billion in 2013 to $2.3 billion in 2014, predicts ArcView Market Research. It forecasts the legal marijuana market reaching $10.2 billion by 2018.

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