Cannabis Industry projected to top $40 billion by 2020

45ab60a0-ea0a-11e5-8f99-cf5ffbf339aa_Marijuana-econ-impactIt’s no surprise that the legal weed business is blooming (no pun intended).

Marijuana Business Daily recently published its annual report on the U.S. cannabis industry and predicts up to $44 billion in economic impact by 2020. They have been producing this publication since 2012 and they predicted $14 billion to $17 billion in impact for 2016. This very comprehensive report accounts for all the fringe benefits the industry produces from light manufacturers, grow properties and transport, just to name a few. Their rough estimate is that for every dollar spent directly on the marijuana economy that it adds $3 for all the support services.

All this positive economic impact though hinges on many varying factors and most notably the next federal election.  While most Republican leaders mostly oppose the legal cannabis industry, front runner Donald Trump though commenting about his pro stance to medical marijuana, there is still potential to see all this progress come to a screeching halt.

However should we be fortunate to see another Democratic president things are looking good.  While Hilary Clinton isn’t pro to completely legalizing cannabis, she isn’t against it either.  Bernie Sanders though is an industry advocate and leading the charge for a completely legal and federally regulated industry and finally putting and end to the enormous failure that is the “War on Drugs.”

With the momentum on the side of legalization, 24 states and DC now having legal cannabis industry, things are looking good.  More regulation will bring more certainty and more safety. President Obama has given financial institutions the go ahead to start accepting deposits from the legal weed industry. As the industry moves forward the financial benefit to the country will be huge and we look forward to welcoming all this progress and the projected $40 billion it will add to the economy.

Wall Street is betting on a legal cannabis market place


With the state legal cannabis industry topping $5 billion in 2015 and growing there’s a number of non-cannabis smoking, non weed aficionados from Wall Street getting into the game in a big way.

According to a report from ArcView Market Research and New Frontier, if every state had legal marijuana the industry would be worth $36 billion annually.

Guys like Steve Janjic, a former foreign-exchange executive at Tullett Prebon LLC is one of ex Wall Street guys and he’s now the CEO of Amercanex Corp, one of the countries only electronic cannabis trading platforms along side Cannabis Commodities Exchange or CCE.

While Amercanex wasn’t the first, they have built a pretty heavy weight board of directors, showcasing the long term sentiment of the industry. Co-founder Richard Schaeffer, a former chairman of the New York Mercantile Exchange and now chairman of Amercanex is one of them. Others from the financial world involved include former Nymex board member David Greenberg, futures trader Timothy Petrone, a member of Nymex and the Chicago Board of Trade and James McNally, who’s been a member of Nymex, the Commodities Exchange and the Hong Kong Futures Exchange.

All of these very well versed business people have the view that we’re in a pioneering time, in a pioneering industry that’s transitioning to an accepted legitimate commodity.

As with any traded commodity there has to be standardized specifications and regulatory oversight to ensure that buyers are indeed getting what sellers are claiming.

Since cannabis comes in a very wide range of quality, potency and prices, Amercanex sends what’s sold on its platform to a laboratory for evaluation and shares the results so buyers aren’t operating blind.

Currently exchanges only operate within each state, so as not to violate any U.S Federal Laws, but you can rest assured that when cannabis becomes a federally regulated and controlled substance companies such as Amercanex and CCE will be well poised to reap substantial benefits.