Indopedia All Things Marijuana
NEW YORK (Reuters) – U.S. companies cannot stop talking about marijuana, hoping in part they can catch investor interest as the booming economy around the drug lifts revenues throughout the supply chain.
FILE PHOTO: A fully budded marijuana plant ready for trimming is seen at the Botanacare marijuana store ahead of their grand opening on New Year’s day in Northglenn, Colorado December 31, 2013. REUTERS/Rick Wilking
With the recreational use of cannabis now legal in 10 states and the District of Columbia and medical marijuana legal in 23 states, marijuana is on its way to becoming an $80 billion industry in the United States by 2030, according to estimates by Cowen Inc.
That outsized growth is starting to bleed into adjacent industries ranging from energy to packaging to point-of-sale technology whose products are used in the production or sale of marijuana. As investors circle the cannabis space, supply-chain companies are showing a new willingness to associate themselves with an industry that remained largely illegal a decade ago.
Cryogenic equipment manufacturer Chart Industries Inc told analysts on Feb. 14 that “cannabis has double-digit growth potential for us” as…
