Many businesses with marijuana merchant accountsare sure to be happy with the way 2014 started. Shares of public cannabis companies enjoyed serious gains on the first day of trading, since recreational marijuana stores were successfully launched in the state of Colorado. Many stocks rose at least 20% above their 2013 closing price, a few surged to more than 60% and one touched a whopping 80%. This shows a significant contrast to the bigger stock markets, which surprisingly dipped into the red.
This evidence certainly sparks lots of optimism where the cannabis industry is concerned, and has produced lots of excitement about its potential future. Many investors predict that the marijuana laws from state to state will only become more lenient and cannabis businesses are definitely thrilled at this prospect, because they know that they will benefit from this highly. Colorado’s recreational cannabis stores experienced sky-high demand after their launch, which just goes to show that marijuana businesses have every right to be excited!
Not only this, but the recent “cannabis chaos” has signified that Colorado is not the only state to become less strict on marijuana laws. Senator David Zuckerman has recently introduced a bill to legalize and regulate the sale, production and use of marijuana in Vermont. Although he has said that the legalization will not occur this year, it is still his primary goal, and he will keep building and studying the idea until he achieves it. This bill shows how the recent legalization in Colorado is influencing other states to perhaps follow in their footsteps.
Overall, the above evidence certainly shows how bright the future looks for the cannabis industry, particularly those with marijuana merchant accounts. It suggests that states are perhaps changing their views on the legalization of cannabis, especially since Colorado’s move to launch recreational marijuana stores. With this and the spreading use of medical marijuana, it is obvious that the USA is realizing what it can gain from its legalization. Watch this space.