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08.12.2019 17:41:00

Here's How Many Banks Provide Financial Services to the U.S. Marijuana Industry

There's little question that the legal cannabis industry could be a giant. Every year, tens of billions of dollars of marijuana is sold in the black market, so we know that consumer demand for the product is strong. Assuming cannabis legalization continues throughout North America, Wall Street's varied prognostications of $50 billion to $200 billion in worldwide weed sales by 2030 could very well prove accurate.At the heart of this growth is the United States. Most investment banks are counting on the U.S. to account for a third to half of all global cannabis sales by the end of the next decade, making it a key source of marijuana investment.Image source: Getty Images.Continue reading
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